The $500m joint venture scheme to move to construction and installation stage
Indonesia’s Ruby gas field will be developed by a joint venture including Abu Dhabi government-controlled Mubadala Development Company subsidiary Pearloil after approval from the Jakarta’s Upstream Oil and Gas Executive Agency.
The joint venture of Pearloil, Total E&P Sebuku and Inpex South Makassar, will now move to the construction and installation phase. Investments will total $500m on the project.
The Ruby field covers 2,345 square kilometres with water depths ranging from 50 to 200 metres. It lies in the Sebuku production sharing contract area, which is operated by Pearloil, a subsidiary of Pearl Energy, the southeast Asia operating arm of Mubadala Oil & Gas.
The offshore development will consist of four production wells and two main structures – a wellhead platform and a production platform. Gas will be transported onshore via a 14-inch, 312km pipeline to the Senipah onshore gas plant operated by France’s Total.
“Ruby is our first full-field, operated development project in Indonesia, and as such it is an important project for us to have brought to the point of sanction,” says Barry O’Donnell, regional vice-president of Mubadala Oil & Gas.
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