| Contract area (block) | Project status | Venture company (established) | Interest owned (*Operator) |
Contract type |
|---|---|---|---|---|
| Sebuku Block (Ruby Gas Field) | In production | INPEX South Makassar, Ltd. (May 17, 2010) |
|
Production Sharing Agreement (until Sep. 21, 2027) |
Project History
| September 2010 | Acquisition of interests |
|---|---|
| June 2011 | Decision to transition to development |
| October 2013 | Production of Ruby Gas Field commenced |
In 2010, through its Indonesian subsidiary INPEX South Makassar, INPEX acquired interests in the Sebuku exploration block in the South Makassar Sea. Since the existence of the Ruby Gas Field was confirmed based on the drilling results of multiple exploratory wells and evaluation wells in the Sebuku exploration area, we decided to transition to development in June 2011. Natural gas production commenced in October 2013 and stable operations have since continued. The Ruby Gas Field is located about 300 kilometers south of Balikpapan City, Indonesia, at a depth of about 60 meters.
