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NuEnergy Gas Commences On-Site Construction for Early Gas Sales Initiative in Indonesia

NuEnergy Gas (ASX:NGY) began on-site construction activities for PT Perusahaan Gas Negara's (PGN) compressed natural gas (CNG) mother station and the preparation of NuEnergy's early production facility for its Early Gas Sales Initiative, as part of its Tanjung Enim approved plan of development, according to a Monday Australian bourse filing.The company said initial site works have begun on both the CNG mother station, owned by downstream gas distributor PGN, and NuEnergy's early production facility for Tanjung Enim.

ASX:NGY

Asia54d ago

NuEnergy Gas Secures $88 Million Field Service Contract With Beijing Energy Linking

NuEnergy Gas (ASX:NGY) signed a fully funded $88 million field service contract with Beijing Energy Linking (BEL) to accelerate development of its Tanjung Enim in South Sumatra, Indonesia, according to an Australian bourse filing on Tuesday after market hours.BEL will act as the lead engineering, procurement, construction, and commissioning contractor overseeing drilling, construction, testing, and completion of coal bed methane wells, along with associated dewatering activities, with the objective of achieving a sustained production plateau of 24 million standard cubic feet per day, per the filing.The contract runs from Tuesday to the production sharing contract's expiry on Aug. 3, 2039, unless terminated earlier, and will be repaid from allocated gas sales revenue, the filing said.Work will begin once key conditions are satisfied, including execution of a gas sales agreement, completion of front-end engineering design, securing land access and permits, finalization of the work program, and issuance of a notice to proceed, the filing added.

ASX:NGY

ASX:NGY

NuEnergy Gas Commences On-Site Construction for Early Gas Sales Initiative in Indonesia

NuEnergy Gas Secures $88 Million Field Service Contract With Beijing Energy Linking

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