Saturday, August 01, 2009

Conoco to start North Belut production this quarter

ConocoPhillips expects to commence production of North Belut field in Block B, Natuna Sea this quarter with plateau at 20,000 barrels oil equivalent per day.
Sig Cornelius, SVP of Finance and CFO ConocoPhillips said in an earnings conference call on Wednesday that North Belut should plateau at about 20,000 BOEPD by 2010.
North Belut field is located in Block B of Natuna Sea, around 60 kilometers east-northeast of the Belanak floating production, storage, and offloading vessel installed in the Belanak field.
McDermott International subsidiary J. Ray McDermott S.A completed the construction of a 14,000-ton integrated deck built at its fabrication facility on Batam Island in June. Wortk on the project began in January 2007 and at the peak of construction, more than 1200 people worked on the North Belut Central processing platform (CPP) topsides achieving 5.2 million man-hours.

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