Four wells drilled by a previous consortium on the concession resulted in discovery of the Dabakan and Palendag fields with combined potential resources estimated in the range 577-2,504 bcf of gas and 6.5-28.8 MMbbl of condensates.
Total became operator in October 2014 and plans an exploration well on the Halcon prospect, carrying former operator Mitra’s 25% interest in the well up to a gross cost of $75 million.
A competent persons report assessed prospective resources in Halcon at 6.736 bcf and 169 MMbbl. Any discovered (commercial) gas could be sold via a pipeline to Sabah in Malaysia or through an FLNG facility to be operated by Total.
The exploration period for the concession runs until Sept.1, 2020. A 1,920-sq km (741-sq mi) exploration area has also been returned to SC 56 from areas previously relinquished, resulting in a revised total block acreage of 6,220 sq km (2,401 sq mi).
Total/Mitra will acquire a minimum of 1,000 km (621 mi) of 2D seismic and 2,000 sq km (772 sq mi) of high resolution seabed data over there-awarded area to evaluate additional prospectivity, with the 2D seismic campaign set to start during 1Q 2016.
Offshore Sulawesi, Indonesia, Mitra has a 60% operating interest in the Bone PSC block, in partnership with Azimuth Indonesia. The concession is undrilled, but is close to and on trend with proven gas accumulations on production in the onshore Sengkang PSC.
Sengkang operator Energy World Corp. is currently building an LNG liquefaction export facility on the coastline adjacent to the Bone PSC block.
Azimuth farmed into the license last year in exchange for a carry on geophysical activities. During 1Q 2015, Mitra acquired around 1,200 line km (745 mi) of 2D seismic – the processed data has revealed numerous potential drilling targets in shallow water, on trend with onshore fields.
Mitra aims to bring in additional partners to fund exploratory drilling from 2016 onward.
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