The Kuma block is located off the west coast of the Sulawesi island, and covers an area of around 5000 square km, at a water depth of between 1,000 and 2,000 metres.
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Statoil Signed PSP to Explore in Indonesia
Norway's Statoil has signed a production sharing contract on a share in the deepwater Kuma block off Indonesia
Norway's Statoil has signed a production sharing contract on a share in the deepwater Kuma block off Indonesia.
This is the first time the group has been awarded exploration acreage in the country.
Statoil's share in the Kuma block is 40% while operator ConocoPhillips has 60%.
The Kuma block is located off the west coast of the Sulawesi island, and covers an area of around 5000 square km, at a water depth of between 1,000 and 2,000 metres.
The Kuma block is located off the west coast of the Sulawesi island, and covers an area of around 5000 square km, at a water depth of between 1,000 and 2,000 metres.
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