“Statoil is an important flagship of Norwegian business abroad and a company we are very proud of here in Indonesia”, said Ambassador Homme. Mr. Fjæran expressed his gratitude for the Embassy’s support the five years he has been heading Statoil’s operations in Indonesia. Special appreciation was extended to departing Ambassador Homme for his continuous strong support and friendship throughout these years.
Statoil’s business in Indonesia (from Statoil’s website)
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.
Operations in Indonesia
Statoil is the operator of the deep-water Karama production sharing contract (PSC) and a partner in the Kuma PSC. Both PSCs are located offshore West Sulawesi, with water depth ranging from 1,000 to 2,000 metres.
In 2008 Statoil acquired some 2,000 square kilometres of 3D seismic data over the Karama PSC and have fulfilled its seismic work obligation. The three commitment wells in the Karama PSC will be drilled throughout 2011-2012, where the first well is scheduled for spud in the end of 2011.
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.
Increasing presence in Indonesia
In May 2011 Statoil farmed into three PSCs in the eastern part of Indonesia.
The three PSCs are the Halmahera-Kofiau PSC*, North Makassar PSC* and West Papua IV PSC*. Statoil is a partner and holds a 40% interest in the North Makassar PSC and a similar interest in the two other PSCs.
In September 2011 Statoil became partner in two additional exploration licenses. The two licenses are North Ganal PSC** in the northern part of Makassar Strait and Obi PSC** located in the North Maluku waters.
With the additional exploration licenses accessed in 2011, Statoil has built a strong fundament for a long term presence and success in Indonesia.
(*) Subject to approval from the Government of Indonesia.
(**) Waiting for Production Sharing Contract (PSC) signing.
Increased energy demand in Indonesia
For the past four decades, Indonesia has been the centre of oil and gas industry in the Asia Pacific region. During the golden period of oil (1980s), Indonesia’s daily production reached more than 1.5 million barrels of oil per day.
Between 2004 and 2011, the Indonesian economy has grown around six per cent annually on average. At the same time, Indonesia’s energy demand has tripled, while supply side has doubled.
Source: www.statoil.com