Ephindo has the largest holding of CBM acreage in East Kalimantan, comprising five PSC’s: as Kutai, Sangatta I, Kutai Timur, Kutai II and Melak Mendung I.
The most advanced of these is Sangatta I, which should commence pilot testing and pre-POD gas sales in the near future. In addition three joint studies in the area have been completed with our strategic partners, which may be converted to PSC’s in the future.
These blocks are in an excellent location, being in close proximity to existing pipeline infrastructure and the Bontang LNG facility, which has substantial spare capacity. The local market also benefits from the Government’s development program for power generation for this growth region and large industrial customers.
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