Indonesia - 05

Indonesia: Ramba Energy: A Case Study

Singapore-listed Ramba Energy recently had its plan of development for the Lemang PSC in Riau province approved by the Ministry of Energy and SKK Migas, according to mid-August statements from both agencies. The Lemang PSC is one of the more notable new onshore oil and gas discoveries in recent years. According to a 2011 study by DeGolyer and MacNaughton, the PSC has prospective resources of 511mn barrels of oil and 468bn standard cubic feet (scf) of gas. A separate 2014 study by Australian oil and gas consultant RISC Operations Pty Ltd estimates peak production for the PSC at…

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