Project Profile
Value: US$48 million
Location: Offshore Aceh province, North Sumatra
Start-up Year: -
Area: 3,635km2
MEO acquired the Seruway PSC, covering 3635km2 and containing two significant gas discoveries: Gurame and Kuala Langsa, from Transworld Exploration Ltd in 2011. These discoveries intersect multiple reservoir horizons (Baong, Keutapang, Belumai, Peutu), which are believed to be highly prospective across the block. The block is in year seven of a 10 year exploration term.
The Gurame gas field has tested gas from three separate wells Bago-A2, ONS-A3X, ONS-A5X and is located close to shore on the northern section of the block. The Kuala Langsa-1 well tested gas (high CO2 content) and the field sits across shallow water to onshore and straddles the permit boundary with the adjacent onshore Block-A. MEO\'s plans are to appraise the discoveries within the block with a view to submitting a Plan of Development and to enhance the significant exploration potential of the remainder of the block.
Operator:
MEO Australia: Operator with 100% interest