Salawati basin activity building in, off northeastern Indonesia

08/01/2005
A group led by PetroChina International subsidiaries is building oil and gas reserves in the Salawati basin of northeastern Indonesia.The group operates two contract areas that extend to the year 2020. The Salawati Island Joint Operation Body contract covers 1,097 sq km on and offshore, and the Salawati Basin PSC covers 872 sq km onshore in western Papua Province.Production from Salawati was slightly below expectations in 2004, but several exploration successes that year and a continued exploration and development program this year should have a positive effect, said Lundin Petroleum AB, Stockholm, a participant in both contract areas.The group plans to start northeastern Indonesia’...
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