Project Profile
Location: West Natuna Sea, Indonesia
Water Depth: 60 metres
Area: 3,100 square kilometres
Japan Petroleum Exploration Co., Ltd. (Japex) through its unit Japex West Natuna Limited has signed an agreement to acquire a 30 percent participating interest in the Kerapu Block in the West Natuna Sea, off Indonesia from a wholly owned subsidiary of Mubadala Petroleum, subject to approval by the Indonesian government. The Kerapu Block is located approximately 124 miles (200 kilometres) northwest of Natuna Island and covers an area of 3,100 square kilometres with a water depth of around 60 metres. Mubadala Petroleum is the operator of the block, with a 100% interest. Japex\'s acquisition, if approved, will trim the Abu Dhabi government-owned upstream oil and gas company\'s participating interest to 70%. Mubadala Petoleum, which was awarded the block in 2008, acquired 3D seismic in 2010 through Petroleum Geo-Services seismic vessel Orient Explorer. An exploratory well in the Kerapu Block is planned for 2013.
Operators:
Mubadala Petoleum: Operator with 70% interest
Japan Petroleum Exploration Co., Ltd. (Japex) (through Japex West Natuna Limited): 30% interest
Contractors:
Petroleum Geo-Services: Contract for 3D seismic survey using seismic vessel Orient Explorer