Jakarta (ANTARA News/Asia Pulse) - Australia's Santos Ltd says that first oil production from the Oyong project in Indonesia has started, with an investment decision for gas production from the operation expected before the end of the year.
The project, located offshore East Java in Indonesia, is expected to produce between 8,000 and 10,000 barrels of oil per day. A sales agreement has been signed with PT Indonesia Power and first gas production is expected in the first half of 2009.
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