Project Profile
Location: Bone Bay, offshore South Sulawesi, Indonesia
Area: 7,516 km²
Reserves: 1.8 trillion cubic feet of gas with a high case of 5.3 Tcf of gas
Water depth: > 2,000m
AziPac, the Seacrest Group backed E&P company focused on the maritime basins offshore Asia Pacific and the Bay of Bengal, has taken a 40% participating interest in the Bone PSC offshore Indonesia. Under the terms of the agreement, AziPac, through its wholly owned subsidiary Azimuth, acquired a 40% participating interest in the Bone PSC and governmental approval was awarded in December 2014.
The Bone PSC lies in water depths extending from the coast to over 2,000m. The block covers an area of 7,516 km², which is equivalent to approximately 327 Gulf of Mexico blocks or 31 UK Central North Sea blocks.
Operators:
Azimuth Indonesia Ltd. (subsidiary of AziPac): 100% interest