NEWS » Santos Ltd. announces acquisition of a 50% interest in the Northwest Natuna PSC
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Selasa, 08 Oktober 2013 - 10:10:55 WIB
Santos Ltd. announces acquisition of a 50% interest in the Northwest Natuna PSC
Dibaca: 3850 kali

Santos Ltd. announces acquisition of a 50% interest in the Northwest Natuna PSC Friday, Aug 23, 2013 Santos today announced the acquisition of a 50% interest in the Northwest Natuna Production Sharing Contract (PSC) offshore Indonesia from AWE Limited. The Northwest Natuna PSC contains the undeveloped Ande Ande Lumut oil field which has been independently assessed to contain estimated gross proved and probable (2P) reserves of approximately 100 million barrels of oil. Santos Vice President Asia Pacific Martyn Eames said the acquisition was consistent with Santos’ strategy of focused growth in its core countries in Asia. “Ande Ande Lumut is a near term oil development project located in Indonesia, a country where Santos has a long track record, deep experience and demonstrated capability.” “Our Jakarta based team has successfully delivered three offshore developments in recent years – Maleo, Oyong and Wortel – and is presently working on a fourth at Peluang.”