AziPac to probe carbonate potential in offshore Indonesia block

Offshore staff

SINGAPOREIndonesia’s government has awarded AziPac a four-year extension to the North Madura production-sharing contract (PSC) in the Java Sea, effective from May 18, 2016.

The 622-sq km (240-sq mi) concession is in one of the most prolific hydrocarbon-producing basins in the region. AziPac acquired a 50% working interest in January 2015 and earlier this year assumed the remaining 50% from AWE Offshore and operatorship.

The block is close to the Pangkah and Poleng oil and gas fields. Recent exploration success in the Pangkah block has confirmed the hydrocarbon potential of the Ngimbang carbonate, a deeper reservoir that until now had been little explored in the area.

AziPac plans to acquire a 300-sq km (116-sq mi) high resolution dual-sensor broadband 3D seismic survey later this year, technology that has proven successful in imaging deeper reservoir targets elsewhere, followed by an exploration well late next year.

The company estimates the deeper Ngimbang could contain in place reserves of several hundred MMboe.

08/04/2016

Share your news with Offshore at news@offshore-mag.com

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

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...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...