Tangguh gas field

Tangguh
Country Indonesia
Offshore/onshore Offshore
Operator(s) BP (37%), CNOOC (17%), Mitsubishi Corporation (16.3%).
Partners Nippon Energy, Kanematsu, Sumitomo, Nissho Iwai.
Field history
Discovery 1990s[1]
Start of production 2009
Production
Producing formations Jurassic[2]

The Tangguh gas field lies in Bintuni Bay, in the province of West Papua, Indonesia. The natural gas field contains over 500 billion m³ (17 Tcf) of proven natural gas reserves, with estimates of potential reserves reaching over 800 billion m³ (28 Tcf).

The Tangguh field is developed by a consortium of international companies, led by BP (37% stake), CNOOC (17%), and Mitsubishi Corporation (16.3%). Smaller partners include the Japanese companies Nippon Energy, Kanematsu, Sumitomo, and Nissho Iwai.

Production began in June 2009.[3]

Natural gas extracted from the field will be liquefied and the resulting LNG transported to Asian customers, mostly in China, South Korea, Japan. The project is expected to allow Indonesia to keep a significant share of world LNG market, compensating the progressive phase-out of the Arun terminal in Sumatra, whose reserves are largely depleted.

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