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KrisEnergy launches pre-qualification process for geophysical survey in 4 blocks

JAKARTA (Rambu Energy) – KrisEnergy Kutei B.V., a Production Sharing Contractor (PSC), is inviting oil and gas service companies to provide and carry out geophysical and geotechnical survey in offshore Kutai Block in East Kalimantan, East Muriah Block in East Java, Seruway Block in North Sumatra and Bulu Block in East Java provinces.

Companies interested in the pre-qualification process are required to send their letter of interest to the Procurement Committee of KrisEnergy Kutei B.V.  The prequalification form is available at the company’s office on Feb. 11, and should be returned by Feb. 14.

KrisEnergy Kutei said it will only send complete procurement information to participants that have passed the prequalification phase.

KrisEnergy Ltd., an independent upstream oil and gas company, focuses on the exploration, development and production of oil and gas in Indonesia, Vietnam, Thailand, Cambodia and Bangladesh.

Blocks Information

The Kutai PSC comprises one onshore and four offshore areas in the Mahakam River delta in East Kalimantan. The PSC covers 1,533 square kilometers with some areas in water depths of up to 200 metres.

KrisEnergy acquired a 24.6 percent non-operated working interest in the Kutai PSC in January 2010. In October 2011, KrisEnergy increased its working interest to 54.6 percent and took over operatorship of the block. Salamander Energy holds a 23.4 percent working interest and Orchid Kutai Ltd has 22 percent.

The East Seruway PSC covers 4,406 sq km in the offshore North Sumatra Basin and is adjacent to the Glagah-Kambuna TAC. KrisEnergy acquired 100 percent working interest in East Seruway and operatorship for the block in October 2011.

The East Muriah PSC covers an area of 3,751 square kilometers offshore East Java where water depths in the East Java Sea are between 50 and 65 meters.

KrisEnergy agreed to acquire a 50 percent working interest and operatorship in the East Muriah PSC in October 2011. The transaction was approved on Sep. 25, 2012. AWE Ltd holds 50 percent working interest in the East Muriah PSC.

The Bulu PSC comprises three areas totalling 697 square kilometers offshore East Java with water depths between 50 and 60 metres. The block contains a gas discovery that requires further appraisal.

KrisEnergy acquired a 42.5 percent working interest in the Bulu PSC in October 2011 and took over operatorship for the block. The other partners are AWE Ltd with 42.5 percent, PT Satria Energindo with 10 percent and PT Satria Wijayakusuma with 5 percent. (*)


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