The Government of Indonesia has granted a 20-year extension of the Tangguh production sharing contract to bp, operator of the PSC, and its Tangguh PSC partners. Under the agreement, the Tangguh PSC, which consists of the Berau, Muturi and Wiriagar PSCs and was due to expire in 2035, will be extended to 2055. The Tangguh liquefied natural gas project in Papua Barat province, Indonesia, began operations in 2009 and has safely delivered more than 1,450 cargoes of LNG to both local and international markets. Its two LNG production trains have a combined liquefaction capacity of 7.6 million tonnes of LNG a year, and a third train currently under construction is expected to come online next year, increasing Tangguh’s production capacity by c. 50%. Tangguh is the largest gas-producing field in Indonesia, accounting for around 20% of the country’s gas output. It has generated significant revenues for Indonesia, both at national government level and in both Papua Barat province and Teluk Bintuni regency where the project is located. In addition to Tangguh Train 3, bp and partners are planning the Tangguh UCC project, for which the Government of Indonesia approved a Plan of Development in 2021. The project comprises the development of the Ubadari gas field, enhanced gas recovery through carbon capture, utilization and storage (EGR/CCUS) in the Vorwata field, and onshore compression.
The Government of Indonesia has granted a 20-year extension of the Tangguh production sharing contract to bp, operator of the PSC, and its Tangguh PSC partners. Under the agreement, the Tangguh PSC, which consists of the Berau, Muturi and Wiriagar PSCs and was due to expire in 2035, will be extended to 2055. The Tangguh liquefied natural gas project in Papua Barat province, Indonesia, began operations in 2009 and has safely delivered more than 1,450 cargoes of LNG to both local and international markets. Its two LNG production trains have a combined liquefaction capacity of 7.6 million tonnes of LNG a year, and a third train currently under construction is expected to come online next year, increasing Tangguh’s production capacity by c. 50%. Tangguh is the largest gas-producing field in Indonesia, accounting for around 20% of the country’s gas output. It has generated significant revenues for Indonesia, both at national government level and in both Papua Barat province and Teluk Bintuni regency where the project is located. In addition to Tangguh Train 3, bp and partners are planning the Tangguh UCC project, for which the Government of Indonesia approved a Plan of Development in 2021. The project comprises the development of the Ubadari gas field, enhanced gas recovery through carbon capture, utilization and storage (EGR/CCUS) in the Vorwata field, and onshore compression.
