Statoil awarded operatorship in Indonesia

Statoil has been awarded the operatorship and a substantial working interest in a large offshore exploration licence on the Halmahera II block in eastern Indonesia. The Halmahera II block is located in a frontier basin with no wells drilled nearby.

StatoilStatoil will operate the licence with an 80% working interest. Niko Resources will hold the remaining 20%. The licence covers an area of more than 8000 square kilometres. The licence is subject to final governmental approval.

“We are very pleased about being awarded a large equity position in a promising frontier area in Indonesia” states Pål Haremo, senior vice president in Exploration global new ventures in Statoil. He continues, “Indonesia is an emerging focus area for Statoil and we have a material portfolio of frontier acreage in the country.”

 

The Halmahera II licence marks the sixth newly accessed licence in Indonesia during 2011 for Statoil and brings the total number of licences with Statoil interest in Indonesia to eight. The newly awarded licence is located adjacent to the Obi and Halmahera-Kofiau licences, accessed earlier this year. 

Statoil has been in Indonesia since 2007 and was then awarded the operatorship of the Karama licence and partnership with ConocoPhillips in the neighbouring Kuma licence, both located in the Makassar Straits.

In May 2011 Statoil farmed into three exploration licences in Indonesia. These are Halmahera-Kofiau, North Makasar and West Papua IV.

In September 2011 Statoil was awarded partnership in two additional exploration licences. The two licences are North Ganal in the North Makassar Strait and Obi located in eastern Indonesia.

 

Related news

Latest news

Nemko Publishes Short Notes on China

Nemko has published a some updates related to China and new initiatives regarding standards, product safety and cyber security. 

Technip and FMC Technologies Shareholders Approve Business Combination

FMC Technologies Inc. and Technip S.A. have announced that the companies' respective shareholders have voted to approve the proposed business combination of Technip and FMC Technologies.

Nordsild

The fishing vessel "North Herring" belonging to Norsild Havfiske AS with factory from Melbu Systems was in August ready for cod fishing.

One of the Strongest Earthquakes in New Zealand in 200 years

NORSAR reports that New Zealand’s South Island was struck by one of the strongest earthquakes the country has observed in the past 200 years November 13, 2016.

Jotne Subsea Gas Lift for Balder Field

In April 2015, Jotne E&P was awarded an EPC contract to build the subsea gas lift manifold for Exxon Mobil on the Balder Field.

Jotne Awarded Contract for Subsea Protection Structure

In January 2016, Jotne E&P was awarded a contract for the delivery of a subsea protection structure and GRP cover for a Xmas tree at Balder field. The contract was awarded by Ocean Installer.

UiB and CMR in high-tech collaboration

Students from UiB last month joined an experiment with an ultra-high-speed camera. This was a part of the troubleshooting of the Field Kelvin Probe currently under development.

Hatteland Display at International Workboat Show 2016

Hatteland Display are highlighting its diverse portfolio of maritime displays and panel computers on its booth (#1658) at the International Workboat Show 2016 (IWBS 2016) this week.

Servogear Announces Upcoming Events

Servogear announces a busy end of November, beginning of December. They will be participating at important international exhibitions.