20 PSCs in termination process
Wednesday, July 6 2016 - 02:33 AM WIB
A total of 20 production sharing contracts (PSCs) are now in termination process, with reasons ranging to failures in fulfilling firm commitment to failures in finding hydrocarbon that is economically feasible for development.
This was said by SKK Migas? spokesperson Taslim Z. Yunus in a presentation partially obtained by Petromindo.com.
The 20 several PSCs are:
Conventional PSCs:
1. West Glagah Kambuna (Petronas Carigali; contract signed 2009)
2. Palangkaraya (Petcon Borneo; signed 2012)
3. South Sageri (Total EP; signed 2010)
4. East Sepanjang (PT Easco East Sepanjang; signed 2004)
5. East Bula (Niko Resources; signed 2009)
6. North Makasar Strait (Niko Resources; signed 2009)
7. South East Seram (Niko Resources; signed 2011)
8. Obi (Niko Resources; signed 2011)
9. Sunda Strait I PSC (Niko Resources; signed 2010)
10. Kofiau PSC (Niko Resources; signed 2009)
11. Cendrawasih Bay III PSC (Niko Resources; signed 2010)
12. Halmahera Kofiau (Niko Resources; signed 2009)
13. Halmahera II PSC (Statoil; signed 2011)
14. Cendrawasih Bay II PSC (Repsol; signed 2010)
Nonconventional PSCs:
15. Barito Banjar I CBM PSC (Sugico-ExxonMobil; signed 2008)
16. Barito Banjar III CBM PSC (Sugico-ExxonMobil; signed 2008)
17. Barito Tapin CBM PSC (Sugico-ExxonMobil; signed 2009)
18. Pulang Pisau CBM PSC (Sigma Energy-Blue Tiger; signed 2009)
19. Batangasin CBM PSC (Bumi Perdana Energy Ltd.; signed 2009)
20. Bentian Besar CBM PSC (CBM Asia Besar Ltd; signed 2008)
Editing by Johannes Simbolon