Harbour Energy to Develop More Fields in Natuna Sea A Block

By Editorial Team 03/10/2022
Oil rig
Summary

UK-based Harbour Energy aims to develop more fields in its Natuna Sea A Block, a major gas supplier to Singapore. Harbour is seeing demand surge from the city-state for piped supplies from its Indonesia block as global liquefied natural gas (LNG) spot prices remain elevated.

Energy Voice reported that Gary Selbie, President Director of Harbour Energy, said that the company is in talks with Indonesia upstream regulator SKK Migas to develop marginal fields in the area. Harbour is hoping to get increased incentives and better terms that will allow it to extend the life of its producing assets. The company also seeks an extension to the production sharing contract (PCS) that expires in 2028.

Meanwhile, Harbour Energy is close to finalizing a supply deal with Vietnam for natural gas from its proposed Tuna Block gas development in the Natuna Sea offshore Indonesia. The draft sales agreement has received “fantastic support from the Vietnamese and Indonesian governments,” Selbie said.

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