Project Profile
Value: Undisclosed
Location: 100 kilometres southwest of Saumlaki City in Tanimbar Islands
Area: 8,170 square kilometres
Water Depths: 200 to 2,000 metres
Start-up Year: -
The Babar Selaru Block lies about 100 kilometres southwest of Saumlaki City in Tanimbar Islands and covers an area of 8170 square kilometres with water depths ranging from 200 to 2000 metres. Babar Selaru also lies about 60 kilometres northwest of the Abadi gas field in the Masela Block.
Operators:
INPEX Corp.: Operator with 85% interest
PT Pertamina: 15% participating interest
Japan Oil Gas & Metals National Corporation (Jogmec): US$209.6 million equity financing which will cover up to 75% of the exploration costs between 2011 and 2017