Oct. 00 - Gulf, Talisman and Pertamina Agree New Gas Deliveries to Caltex

Source Press
Company Gulf CanadaPertaminaRepsol Oil & Gas Canada Inc. 
Tags Refining & Marketing Activities, Upstream Activities
Date October 03, 2000

Gulf Indonesia, a subsidiary of Gulf Canada, Talisman (Corridor) Ltd., a subsidiary of Talisman Energy Inc and Pertamina, have reached an agreement in principle for additional gas deliveries to the Duri Steamflood in central Sumatra, operated by P PT Caltex. The terms of these agreements include a contract quantity of 1.1 tcf of sales gas to be delivered over 20 years and exchanged for Duri crude oil. Gas deliveries are expected to commence during 2002 at 90 mmcf/d increasing to 180 mmcf/d by mid-2003. The natural gas will be supplied from the Corridor Block production-sharing contract (PSC) in south Sumatra and deliveries will commence after the installation of compression facilities, through the Grissik to Duri pipeline. The agreements will be subject to approval by PertaminaPGN, and the respective shareholders of Caltex and the Corridor Block PSC participants and should be finalised late in the fourth quarter. Gulf Indonesia holds a 54 per cent working interest in the Corridor Block PSC and is contract operator for  Pertamina. Partners are Talisman (Corridor) Ltd. with 36 per cent and Pertamina with 10 per cent.

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