Statoil established its Indonesia office back 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.
Statoil is the operator of the deep-water Halmahera II production sharing contract (PSC) and Karama PSC, as well as a partner in the Kuma PSC, West Papua IV PSC, Halmahera-Kofiau PSC, North Makassar Strait PSC, North Ganal PSC, Obi PSC and Aru PSC.
Statoil has so far acquired 2,000 square kilometres of 3D seismic data and drilled three operated exploration wells over the Karama PSC, as well as participated on the drilling of three non-operated wells over North Ganal PSC, Kuma PSC and West Papua IV PSC.
On the Halmahera II PSC Statoil is planning to acquire around 6,000 square kilometres of 2D seismic data. Statoil milestones in Indonesia 2007
• January – Kuma PSC signed
• March – Karama PSC signed
• August – Statoil’s Jakarta office established 2011
• 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 2012
• July – Aru PSC signed