Indonesia approves US$3bil development plan for South China Sea gas block

The Tuna field is operated by a local unit of London-listed Harbour Energy. - HARBOUR ENERGY WEBSITE

JAKARTA (Reuters): Indonesia has approved the first plan of development for the Tuna offshore gas field with total estimated investment of US$3.07 billion up to the start of production, upstream oil and gas regulator SKK Migas said on Monday (Jan 2).

The Tuna field, located in the South China Sea between Indonesia and Vietnam, is expected to reach peak production of 115 million standard cubic feet per day (MMSCFD) in 2027, SKK Migas spokesperson Mohammad Kemal said.