Project Profile
Location: South Sumatra, Indonesia
Value: Undisclosed
Discovery: 2012
Reserves: 1.92 tcf
Area: 447 sq.km
The Bunga Mas PSC is located onshore, near existing upstream facilities, in the prolific producing South Sumatra basin, Indonesia. The PSC contains the Bunga Mawar field, which was discovered in 2012 by the drilling of the Bunga Mawar-1 well into the Air Benakat formation, which produced sweet light crude of 45o API from a depth of 704 metres. The Bunga Mas PSC was initially entered into on 7 October 2005 in respect of an initial contract area in South Sumatra comprising 2,233 sq.km and which now comprises an area of 447 sq.km after relinquishment in accordance with the PSC. The term of the PSC is 30 years. The Bunga Mas field has a potential gas reserves of 1.92 tcf.
Operators:
Andalas Energy: 25% interest