Indonesia: Hess joins Niko on West Papua block

Hess Corp., New York, will take a farmout from Niko Resources Ltd., Calgary, to earn a 42.5% working interest in the Kofiau production sharing contract in the Salawati area of West Papua, Indonesia, subject to government approval.

Alan Petzet

Sept. 12, 2011

Niko will remain operator with a 57.5% interest. Niko has shot 2,266 sq km of 3D seismic and 1,050 km of 2D seismic on the block and will drill several wells on the PSC as part of an extensive Indonesian deepwater drilling campaign set to begin in 2012.

About the Author

Alan Petzet

Chief Editor Exploration

Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.

Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.