We are present in Indonesia through our Upstream business, with mineral rights for eight blocks. In addition, we produce and distribute lubricants in Indonesia through an agreement with PT Sukabumi Trading Co. With this strategic local partner, we developed our first project in the world to manufacture lubricants locally.
The onshore exploration block South Jambi was adjudicated. Repsol will be the operator of this block with a 67% stake, while the remaining 33% is held by our partner Mitsui Oil Exploration.
* Exploration *Production
In May 2015, we incorporated this field into the Company's portfolio of productive assets. It is a non-operated block in which we have a 36% stake. Most of the natural gas produced in the Corridor block is sold through long-term sales agreements with PT Chevron Pacific Indonesia, Gas Supply Pte. Ltd., and PT Perusahaan Gas Negara. In the first half of 2015, an extension of the sales contract for gas from this block was agreed with COPI (Conoco Phillips Indonesia).
Three development wells were completed in the Corridor block: one in the Sumpal field and two in the Suban field. Two of these wells (Sumpal-8 and Suban-16) began production in 2018, and the third (Suban-18) will be connected at the end of the first quarter of 2019. In 2018, the Compression project in the Suban field was over 80% complete, and start-up is scheduled for the second half of 2019.
In the Sakakemang block, which is located in the south of the island of Sumatra, we have made the largest gas discovery in Indonesia in the past 18 years and one of the 10 biggest hydrocarbon discoveries worldwide in the past twelve months. The well KBD-2X has an estimated 2 trillion cubic feet (TCF) of recoverable resources, and we are the operator with a 45% stake.
11th Fl, Jl Jend Sudirman, Kav