Total SA took farmouts from Talisman Energy Inc. on three deepwater exploratory blocks in the South Makassar basin in Indonesia.
Post-farmout interests in the Makassar Strait blocks are: Sageri PSC, Talisman 50% and Total 50%; South Sageri PSC Talisman and Total 35% each and Thailand’s PTTEP 30%; and Sadang PSC, Talisman and PTTEP 40% each and Total 20%.
The Talisman-operated blocks total 10,693 sq km in 400-2,000 m of water. The exploratory period work commitments include shooting 2D and 3D seismic and drilling two exploratory wells. The first well is planned to be spudded on the Sageri block by the end of 2011.