YY Field Development is a follow-up to the successful discovery of oil and gas reserves from the drilling activity of YYA-4 exploration well in 2011. YY field is located about 90 kilometers from Jakarta off the north coast of West Java.
Based on the evaluation results of economic limits, oil and gas production will be carried out for 7.5 years with a rate of oil production of 4.065 bopd and a gas production rate of 26.9 MMscfd. The project, which has reached 79.12%, is estimated to have an investment of US $ 56 million.
The project includes the construction of a new YYA platform, building a 12 “subsea pipeline along 13.5 kilometers, and modification of the platforms already on the KLB and KLA platforms.
Based on applicable regulations, oil and gas companies are required to hand over 10% of participating interests to local government-owned companies (BUMD).