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.
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.
