Project Profile
Value: Undisclosed
Location: adjacent to Aru and West Papua IV licences, offshore Indonesia
Reserves: unknown
Area: approximately 8,300 square kilometres
Start-up Year: -
Statoil has been awarded new exploration acreage through the Aru Trough I licence offshore Indonesia. The licence covers an area of approximately 8,300 square kilometres, adjacent to Statoil’s existing exploration acreage in the Aru and West Papua IV licences. Statoil will operate the licence with a 100% working interest. This is a low-cost access into a frontier area with considerable potential where Statoil is already present. Statoil will initially collect seismic data during the first three years of the exploration period. The information obtained from the seismic survey will form the decision basis for Statoil’s next steps in the licence.
Operators:
Statoil: Operator with 100% interest