Indonesia: Hess joins Niko on West Papua block

By OGJ editors

Hess Corp., New York, will take a farmout from Niko Resources Ltd., Calgary, to earn a 42.5% working interest in the Kofiau production sharing contract in the Salawati area of West Papua, Indonesia, subject to government approval.

Niko will remain operator with a 57.5% interest. Niko has shot 2,266 sq km of 3D seismic and 1,050 km of 2D seismic on the block and will drill several wells on the PSC as part of an extensive Indonesian deepwater drilling campaign set to begin in 2012.

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...