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17

Total signs two Production Sharing Contracts for Telen and Bengkulu I - Mentawai Exploration Blocks in Indonesia

Total announces that it 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.

Total announces that it 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 8,034 square kilometers with a water depth ranging from 400 to 1,000 meters.

The Telen exploration block is located in the offshore Kutei Basin of the province of East Kalimantan, covering an area of 2,369 square kilometers with water depths in the range of 300 1,000 meters 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”.

Source : Neftegaz.RU