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Offshore natural gas deposit in natuna still under

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Harvey Goldstein (Indonesia)
Harvey Goldstein (Indonesia)

The document discusses the development of an offshore natural gas deposit in the Natuna Field, located off the coast of Indonesia. Estimated to cost $40 billion, the project involves constructing steel platforms up to 60 stories tall on the island of Natuna to extract gas from the deposit discovered in 1973 located 470 feet underwater via pipelines. Upon completion, the Natuna gas field is expected to become one of the largest offshore natural gas deposits developed.

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Offshore Natural Gas Deposit in Natuna Still under Construction By Harvey Goldstein
Introduction • Harvey Goldstein heads a number of Southeast Asia- based businesses, including Harvest International Indonesia and Business Link Consulting in Singapore. Throughout the years, Harvey Goldstein has contributed significantly to the promotion of emerging economic opportunities in Indonesia. Between the years of 1989 to 1994, he provided consultation to Exxon Corporation for the development of an offshore natural gas deposit. Estimated to cost approximately $40 billion in investments, the development will extract gas from the Natuna Field, a natural liquefied gas deposit discovered in 1973.
Offshore Natural Gas Deposit • Project managers chose the island of Natuna for the location of the gas plant, which required the construction of steel platforms as high as 60 stories due to the project’s complexity. The gas field lies 470 feet underwater, and gas will travel to the plant via an installed pipeline. Additionally, the project will include the construction of a marine terminal to transport the gas to markets such as Japan and Korea. The offshore deposit is expected to become one of the largest of its kind after completion of development. An estimated completion date for the project is currently unknown.

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Offshore natural gas deposit in natuna still under

  • 1. Offshore Natural Gas Deposit in Natuna Still under Construction By Harvey Goldstein
  • 2. Introduction • Harvey Goldstein heads a number of Southeast Asia- based businesses, including Harvest International Indonesia and Business Link Consulting in Singapore. Throughout the years, Harvey Goldstein has contributed significantly to the promotion of emerging economic opportunities in Indonesia. Between the years of 1989 to 1994, he provided consultation to Exxon Corporation for the development of an offshore natural gas deposit. Estimated to cost approximately $40 billion in investments, the development will extract gas from the Natuna Field, a natural liquefied gas deposit discovered in 1973.
  • 3. Offshore Natural Gas Deposit • Project managers chose the island of Natuna for the location of the gas plant, which required the construction of steel platforms as high as 60 stories due to the project’s complexity. The gas field lies 470 feet underwater, and gas will travel to the plant via an installed pipeline. Additionally, the project will include the construction of a marine terminal to transport the gas to markets such as Japan and Korea. The offshore deposit is expected to become one of the largest of its kind after completion of development. An estimated completion date for the project is currently unknown.