Statoil established its Indonesia office in 2007, and has since then built an exploration portfolio in a systematic manner.
Oil and gas exploration in Indonesia is now shifting to the eastern region of the country, and most of the new areas are located offshore. This is a potential growth area for Statoil as a leading international deep water operator.
From 2011 to present, Statoil as operator has drilled three exploration wells in the Karama production sharing contract (PSC), as well as participating on the drilling of four non-operated wells in Kuma PSC (operated by ConocoPhillips), North Ganal PSC (ENI Indonesia), North Makassar Strait PSC (Niko Resources), and West Papua IV PSC (Niko Resources).
On the Halmahera II PSC, a 6,000 kilometre 2D seismic acquisition was completed in July 2013. Statoil Milestones in Indonesia
• January – Kuma PSC signed
• March – Karama PSC signed
• August – Statoil’s Jakarta office established
• May – North Makassar Strait PSC farm-in
• May – Halmahera-Kofiau PSC farm-in
• May – West Papua IV PSC farm-in
• November – North Ganal PSC concession round
• November – Obi PSC concession round
• November – Halmahera II PSC concession round
• December – Halmahera II PSC signed
• July – Aru PSC signed