AWE updates Indonesian ops

The following is an excerpt taken from Australian oil, gas AWE Limited quarterly report released on Wednesday.

Bulu PSC
The Operator of the Bulu PSC, offshore East Java has completed a Plan of Development for the Lengo gas field and is preparing to submit it to the regulator, SKK Migas.

Kris Energy (Satria) Ltd 42.5% (Operator), AWE Limited 42.5%, PT Satria Energindo 10.0%, PT Satria Wijaya Kusuma 5.0%

East Muriah PSC
The East Muriah PSC, East Java processing of the fast-track component of the 2D seismic survey data is under way.

Kris Energy (Satria) Ltd (Operator) 50.0%, AWE Limited 50.0%

North Madura & Terumbu PSC
Acquisition of a 2D seismic survey in the North Madura PSC, East Java and the Terumbu PSC, East Java is planned for the September quarter. Early stage preparation work for drilling an exploration well in the North Madura PSC in 2015 is proceeding.

Terumbu PSC (AWE 100%, Operator) and the North Madura PSC (AWE 50%, Operator), North Madura Energy Limited 50.0%.

Titan PSC
The relinquishment process for the Titan PSC, East Java has commenced.

AWE Limited 40.0% (Operator), Baruna Oil and Gas 25.0%, Mitra Energy 25.0%, PT Sillo 10.0%

Anambas PSC
Following the review of commerciality and development feasibility studies, the Anambas, Natuna Sea was relinquished in late June on the expiry of the 10 year exploration period.

AWE Limited 100% (Operator)

Sumatra
The AWE Joint Study of the Jembar?Rimba Area, onshore central Sumatra, was completed and approved by MIGAS. The next phase is for MIGAS to offer the area in a future unconventional oil and gas bid round as a Direct Offer Block. AWE would then have the right to match any offer submitted for the block. (end of excerpt)