BP has been awarded a 100 percent interest in the North Arafura oil and gas production sharing contract (PSC) in onshore Papua Province. The PSC was signed today in Jakarta by representatives of the Government and BP.
The North Arafura PSC is located on the coast of the Arafura Sea, 480 kilometers southeast of the BP-operated Tangguh plant, covering an area of just over 5,000 square kilometers. BP expects to commence seismic operations on the block in the near future.
"This award is further evidence of BP's commitment to a long-term presence in Indonesia, working in partnership with the Government of Indonesia both centrally and regionally. BP is very pleased to expand our position in Papua, an area with huge potential in its people, culture and natural resources," said William Lin, BP's President for Asia Pacific Exploration & Production.
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