Triangle Pase Inc (TPI) is the operator of Production Sharing Contract (PSC) Pase block located in Aceh, Indonesia. Pase block is an on-shore Oil & Gas production field that has been producing Gas and Condensate since 1998 until now.
Pase block has been operated by Mobil Pase Inc. since 1981 before it was transferred to TPI in 2009. TPI has been producing gas and condensate from 2009 to 2014 to fulfill the Exxon Mobil LNG contract.
In March 2018, TPI is commencing to produce Gas and Condensate to fulfill the North Sumatra market, as well as working for undeveloped discoveries and additional exploration potential
Pase Field Production
Pase gas field has been producing since 1988 with peak production of 140 MMSCFD, currently producing 2-3 MMSCFD to supply highly gas demand in Medan area via interconnecting gas pipe extending 340 km from Lhokseumawe to Belawan.
2P remaining reserve in excess of 115 BCF in the Peutu carbonate and basement fracture reservoir with dual porosity system supported by existing production facility on site.
Prospect and Lead
Previous exploration activities of establish multinational company identified existing lead and prospect since the late seventy. Most prospect and lead located at the structurally trend of the proven Arun, SLS and Pase field which over 50 hydrocarbon accumulation discovered and surrounded by more than 5 commercial fields. Large existing seismic data with almost 1000 km of 2D seismic over the block.
Various play and multiple reservoir from shallow Keutapang Julu Rayeu sand to the Peutu carbonate as well as basement fracture. Reservoir exist in the entire stratigraphic level from basement to the shallow where the shallowest producing reservoir depth are less than 1500 Ft sub sea. A diverse exploration portfolio of about six lead and prospect in numerous play types with total unrisked mean recoverable volume are in excess of 246 MMBOE.
OUR MARKET
Gas Sales Agreement Overview
- Buyer: PT. Perusahaan Gas Negara Tbk.
- Delivery Point: Arun Plant.
- Gross Contract Quantity Total 52 BCF (maximum)
- Transporter: PT. Pertamina Gas
- Life of Contract: Gas sales agreement is up to life of PSC 2032
- Gas Usage: Industries and Household in Medan & North Sumatra.
- Gas Price set by: Ministry of Energy an Mineral Resources (ESDM)
- Status Gas Delivery: On-stream production
Potential Buyers
- PT. Pupuk Iskandar Muda
(A goverment owned fertilizer company in North Aceh) - PT. Perusahaan Listrik Negara
(A national Electric Company) - PT. Patriot Nusantara Aceh
(A Special Economic Zone in North Aceh) - PT. Kraft Aceh
(A Government Owned Pulp & Paper company in North Aceh)
| Total Production | : 190.65 BSCF (31 Dec 2019) |
| Production Field | : Pase A & Pase B |
| POD PASE A | : 17 November 1995 |
| POD PASE B | : 6 February 2002 |
| POP PaseA-8 | : 3 November 2000 |
| Field Geometry | : 8 X 3 Km2 |
| Production wells | : Pase A1, Pase A5, Pase A6 (Pase A field) |
| Ave Rsv Thickness | : 1221 ft |
| Rsv formation | : Peutu, Belumai, Bruksah, Basal Sand Basement |
| Ave Rsv Pressure | : 3450 psi |