Project Profile
Value: Undisclosed
Location: East Java Sea, over the western margin of the East Java Basin, Bawean Arch and the Muriah Trough, Indonesia
Reserves: Unknown
Production: Unknown
Area: 1,920 square miles (4,974 square kilometers)
Depth: between 164 feet and 196 feet (50 meters and 60 meters)
Start-up Year: -
KrisEnergy Ltd has been awarded the operatorship and a 95 percent working interest in the Sakti Production Sharing Contract (PSC) offshore East Java in Indonesia, where the Company is actively developing gas aggregation opportunities. The other participant is Golden Heaven Jaya Ltd. with a 5 percent working interest. The Sakti exploration block covers 1,920 square miles (4,974 square kilometers) in the East Java Sea over the western margin of the East Java Basin, Bawean Arch and the Muriah Trough. Water depths in the area are between 164 feet and 196 feet (50 meters and 60 meters). The block is proximal to the KrisEnergy operated Bulu PSC and East Muriah PSC, where the Company is currently planning the development of the Lengo and East Lengo gas discoveries, respectively. The PSC has an initial three-year term and an associated work commitment of 745 miles (1,200 kilometers) 2D seismic acquisition and processing, and one exploration well.
Operators:
KrisEnergy Ltd: Operator with 95%
Golden Heaven Jaya Ltd: 5%
Contractors:
Subcontractors: