Indonesia identifies 13 new oil and gas wells in East Kalimantan

“Indonesia’s upstream oil and gas regulator SKK Migas has announced the discovery of 13 potential new wells in the Samboja, East Kalimantan, containing estimated reserves of 0.96 million barrels of oil and 11.64 billion cubic feet of gas.”

“Among the most significant prospects is the MUT-346 OS HZ development well, expected to produce 7.3 million cubic feet of gas per day, with reserves estimated at 3.6 billion cubic feet, Siswanto revealed.”

“Based on a projected gas price of US$7.7 per MMBTU for 2026–2031 and an exchange rate of Rp17,000 per US dollar, the reserves are valued at Rp471 billion (US$27.07 million).”

“Gross revenue from the wells is estimated at Rp355 billion (US$20.41 million), with government revenue projected at Rp87 billion (US$5 million) after taxes.”

https://en.antaranews.com/news/414563/indonesia-identifies-13-new-oil-and-gas-wells-in-e-kalimantan

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