Lundin Wins Exploration Rights Offshore Indonesia

MIGAS, the Indonesian oil and gas regulating authority, awarded Lundin Petroleum a production sharing contract (PSC) for the Gurita block.

The block, located in the Natuna Sea, offshore Indonesia, spans 1.9 million acres (8,018 square kilometers) and is adjacent to the main oil and gas producing area in the Natuna Sea.

The PSC contains a portfolio of exploration opportunities that will be further delineated by the planned 3D seismic acquisition program, which Lundin plans to acquire [98,842 acres (400 square kilometers) of 3D seismic data] in the near future.
 

continue reading the full article

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Business Development Director - Midstream Services
Expertise: Business Development|Operations Management
Location: Houston, TX
 
Project Manager, Oil and Gas
Expertise: Budget / Cost Control|Planner / Scheduler|Project Management
Location: Harvey, LA
 
Case Specialist II Job
Expertise: Business Analyst|Legal|Regulatory Compliance
Location: Denver, CO
 
search for more jobs

Brent Crude Oil : $55.45/BBL 0.99%
Light Crude Oil : $52.37/BBL 1.20%
Natural Gas : $3.42/MMBtu 0.88%
Updated in last 24 hours