Project Profile
Value: Undisclosed
Location: On/offshore Salawati Basin of the Province of West Papua, Indonesia
Area: 7,176 sq km
Start-up Year: -
South West Bird’s Head PSC was awarded to Total in August 2011. The exploration block is located in the on/offshore Salawati Basin of the Province of West Papua in Indonesia, covering an area 7,176 sq km. The first exploration well is planned to be spudded by end of April 2013. Indika Energy through its wholly-owned subsidiary Indika Multi Daya Energi has signed an agreement with Total E&P Indonesia West Papua, a subsidiary of Total, to acquire a 10% participating interest in the Southwest Bird’s Head PSC. Total, as Operator, will hold the remaining 90% interest. The purchase is subject to approval by Indonesian authorities and the final purchase price will be determined upon closing and following confirmatory due diligence.
Operators:
Total: Operator with 90% interest
Indika Energy: 10% interest