Pacific Oil and Gas
Pacific Oil & Gas (PO&G) is an independent energy resources development company focused on meeting the increasing energy requirements of growing Asian economies. It develops, builds, owns and operates cost-competitive projects throughout the energy supply chain, while maintaining its role as a responsible corporate citizen.
In the upstream sector, PO&G's activities are concentrated on the exploration and production of oil and gas in Indonesia. Its midstream and downstream operations include a LNG receiving terminal and a Combined Cycle Gas Turbine (CCGT) power plant in China. For continued growth, it is in the process of developing gas-fired power plants in China, coal-fired power plants in Indonesia and a LNG export facility in Canada.
PO&G’s current key assets are strategically located in Indonesia and China:
- Jambi Merang Block (producing 120 BBTUD Gas; 6,000 BPD Condensate; Net 2P reserve of 26 mmboe)
- Kisaran Block (exploration drilling underway)
- Madura IPP Power Plant (400 MW under construction)
- Rudong LNG Receiving Terminal (current operating capacity of 3.5 mtpa, to be expanded to 6.5 mtpa)
- Xiamen CCGT Power Plant (780 MW in operation)
In Canada, Woodfibre LNG Limited, a subsidiary of PO&G, is proposing to build a liquefied natural gas (LNG) processing and export facility at the former Woodfibre Pulp and Paper Mill about seven kilometers southwest of Squamish, British Columbia, and about 70 kilometres from the urban centre of Metro Vancouver.
The Woodfibre LNG Project comprises construction and operation of a gas processing and liquefaction facility to produce approximately 2.1 million metric tonnes per annum of LNG, associated storage capacity of 250,000 m3, and export infrastructure.
Pending a final investment decision, Woodfibre LNG could be under construction in 2017, and operational by 2020.