BP Awarded Two Exploration Blocks in Indonesia
BP confirmed today that it has been awarded two oil and gas production sharing contracts (PSCs) by the Government of Indonesia. The company has been awarded 100 per cent interests in the offshore West Aru I and II PSCs in the Arafura Sea, Indonesia.
- BP has over 35 years experience in Indonesia and is one of the largest foreign investors in the country. Activities are dominated by its exploration and production business, notably the Tangguh LNG operations in Papua Barat province.
- BP was awarded a 100 per cent interest and operatorship of the North Arafura PSC in November 2010. Seismic operations are scheduled to commence on the block in 2012. In 2009 BP also acquired a 32 per cent working interest in the West Papua I and III from operator Chevron.
BP was awarded four CBM PSCs in Central Kalimantan in April 2011:
- The Tanjung IV PSC, operated by Pertamina, where BP holds a 44 per cent working interest. Pertamina holds the other 56 per cent interest in the PSC.
- The Kapuas I, II and III PSCs are operated by BP with a 45 per cent working interest, the remaining 55 per cent interest is held by co-owner Sugico.
Posted: November 22, 2011