Project Profile
Value: Undisclosed
Area: 2,432 square km
Location: Kutei Basin
The North Ganal Block covers an area of 2,432 square km in the Kutei Basin, a prolific hydrocarbon province, with several giant discoveries already in production. The North Ganal deal involves the drilling of 1 well and the carrying out of 200 km of 2D seismic survey during the first 3 years of exploration. The Bontang LNG processing facility is located about 80 km west of the North Ganal acreage.
The North Ganal PSC was signed on 21 November 2011 by North Ganal Energy Ltd, a wholly owned subsidiary of BPE. NSE holds a 20% interest in PSC, with Statoil 19%, Niko 31%, ENI 20% (operator) and GDF Suez 10%, each holding a respective interest.
Operator:
Eni: Operator with 20% interest
Niko Resources Ltd: 31% interest
Black Platinum Energy Ltd: 20% interest
Statoil ASA: 19% interest
GDF SUEZ: 10% interest