SINGAPORE – BPMIGAS, Indonesia’s upstream oil and gas agency, has approved development of the Ruby gas field in the Makassar Strait between Kalimantan and Sulawesi. Partners PEARLOIL (Sebuku) Ltd., Total E&P Sebuku, and INPEX South Makassar Ltd., expect to invest a total of $500 million in the field.
The block covers 2,345 sq km (905 sq mi) in the Sebuku production sharing contract area with water depths of 50 to 200 m (164 to 656 ft).
Plans call for drilling four production wells and installing a wellhead platform and a bridge-linked production platform. Gas will go to shore in a 14-in (35.5 cm), 312-km (194-mi) long pipeline. It is scheduled onstream in the latter part of 2013.