Total signs two PSCs in Indonesia

Total has signed two Production Sharing Contracts (PSCs) with the Government of Indonesia represented by BPMIGAS, for the Telen and the Bengkulu I - Mentawai exploration blocks. The Group will hold a 100% participating interest in each PSC.

The Bengkulu I - Mentawai exploration block is located in the offshore Bengkulu Basin of the province of Bengkulu, in the South West of Sumatra, covering an area of 8034 km² with a water depth ranging from 400 to 1000 m.

The Telen exploration block is located in the offshore Kutei Basin of the province of East Kalimantan, covering an area of 2369 km² with water depths in the range of 300 to 1000 m and adjacent to the country’s most prolific gas producing offshore Mahakam block operated by Total.

The exploration program envisages, for the first three years, a 3D-seismic study to be carried out on the Bengkulu I - Mentawai block and an exploration well to be drilled on the Telen block.

Jean-Marie Guillermou, Senior Vice President Asia-Pacific, Total Exploration & Production, said on the occasion: “Acquiring these offshore exploration blocks is part of our revitalized exploration strategy in Indonesia and we are very pleased to increase our activity in the country”.

Adapted form press release by Peter Farrell.

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/09102012/total-signs-two-pscs-offshore-indonesia/