Hess Indonesia Says It May Have Struck Huge Gas Reserve

PT Hess Indonesia said it believed it has found a huge gas reserve in the Semai V field in the Arafuru sea off Papua.

The Semai V field may hold gas reserve as big as that of Tangguh, Hess operation superintendent Joseph Witjaksono said.

The Tagguh gas field in the Bintuni Bay of Papua has a reserve of 14 trillion cubic feet, the country’s largest gas reserve being operated by BP.