Eric Watkins
Senior Correspondent
LOS ANGELES, Mar. 12 -- Total SA has been awarded the South East Mahakam exploration block in the Mahakam Delta off East Kalimantan in Indonesia.
Total will be the operator with a 50% interest in the block, while the remaining 50% will be held by Japan's Inpex Holdings Inc.
The block was awarded as part of the 2006 licensing round held by the Indonesian Ministry of Energy and Mineral Resources.
Under the agreement, the partners are committed to conducting a 3D seismic survey and drilling two exploratory wells in 50-200 m of water.
The area covers 2,000 sq km and is 20 km south of Total's Peciko production facilities.
Contact Eric Watkins at [email protected].
