As one of the global energy player, Statoil consider Indonesia as a country in the south-east Asia regions with large potential. Indonesia has been the centre of oil and gas industry in the Asia Pacific region, especially during the golden period of oil, back in the 80s and 90s.
Statoil entered Indonesia in the deep water Makassar Strait area, as a partner on Kuma Production Sharing Contract (PSC) in 2006 and as the operator for Karama PSC in 2007.
Operations in Indonesia
In 2008 Statoil acquired some 2,000 square kilometres of 3D seismic data over the Karama PSC and have
fulfilled its seismic work obligation in this PSC. The three commitment wells in the Karama PSC will be drilled throughout 2012, where the first well is scheduled for spud in the beginning of 2012.
Meanwhile for the Kuma PSC, some 1,000 square kilometres of 3D seismic data was acquired in 2008 and one exploration well was drilled in the end of 2011. The result of this well is still not official.
2011 Milestones
2011 marked an important milestone for Statoil in Indonesia. Earlier this year, Statoil announced a farm-in to three PSC licenses in the eastern part of Indonesia, operated by Canada’s Niko Resources. Namely the Halmahera-Kofiau PSC, North Makassar PSC and West Papua IV PSC.
Throughout the year, the Government of Indonesia through the Ministry of Energy and Mineral Resources have awarded Statoil with another two exploration licenses, North Ganal PSC operated by ENI in the northern part of Makassar Strait and Obi PSC operated by Niko Resources, off-shore Maluku.
Also, in November 2011, the Government of Indonesia announced that Statoil is being awarded for another production sharing contract; it is the Halmahera-2 PSC, where Statoil is the operator. The signing is expected to be done later in December 2011.
Dr. Evita H. Legowo, Director General of Oil & Gas“Indonesia still has a large potential, even though currently the era of low hanging fruit fields are over, however there are some on-shore fields but not that big (compared to off-shore). We still believe based on the data that we have, that there is a large potentials in the eastern region of Indonesia, especially in deep-water. I know that Norway, especially through Statoil, has the experience to explore and exploit deep-water fields. We would like to invite our Norwegian friends, to join us in developing the oil and gas potential in the eastern region of Indonesia, especially deep-water.” says DR. Evita H. Legowo, Director General of Oil and Gas, in her recent interview with Statoil Indonesia’s corporate communications function.
With a total number of eight PSCs, all located in deep-water in Indonesia’s eastern region, Statoil is aiming to build a strong fundament for long-term presence and success in Indonesia as well as support the company’s exploration strategy in crossing the energy frontiers.