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Indonesian CBM potential overlooked by investors

Indonesia's coal-bed methane (CBM) potential has been largely overlooked by investors, leading one prominent unconventional gas consultancy to describe it as a "stealth sleeper play"

That could be about to change with Santos, a major Australian CBM developer, picking Indonesia for its first overseas investment in the unconventional sector, Scott Stevens, senior vice president of Advanced Resources International (ARI), told the 2013 Association of International Petroleum Negotiators conference. The Indonesian CBM play offers excellent geology, good market conditions, as well as government support, said Stevens, who is also chairman of Indonesian-focused explorer CBM Asia. Indonesia's CBM deposits are characterised by high gas saturation and permeability, like the US and Australia's prolific CBM reservoirs. Stevens believes that the development of Indonesia's CBM sector

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