Project Profile
Value: Undisclosed
Location: Andaman Sea in the geological province referred to as the North Sumatra Basin
Area: 8,440 square kilometres
Water Depth: 1,300 metres
The Andaman III Block covers an area of 8,440 square kilometres and is situated in water depths of 1,300 metres. It was one of three blocks offered in the Andaman Sea in the geological province referred to as the North Sumatra Basin. All three of the license blocks were awarded.
Talisman bid a three-year work program that included 2,500 square kilometres of 3-D seismic, the drilling of one exploration well and signature bonus of US$47 million. The company bid solely with a 100% working interest but will evaluate taking a joint venture participant prior to drilling.
Operator:
Talisman Andaman BV.: Operator with 100% interest