AWE open to offers off Indonesia

Offshore staff

HOUSTON -- AWE is seeking partners for two exploration blocks in the shallow water East Java basin offshore Indonesia.

According to broker Indigo Pool, a subsidiary of Schlumberger, the two production sharing contracts (PSCs) for the North Madura and Terumbu blocks contain prospects and leads estimated at up to 235 MMboe recoverable, in a proven basin with existing production.

The total acreage is over 4,000 sq km (1,544 sq mi).

In exchange for interests in the PSCs, farminees will have to bear a significant carry of future commitment costs.

03/30/2011



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...