Chevron asks for exploration extension at N. Sumatra block
Thursday, April 19 2007 - 02:55 AM WIB
?To further evaluate the prospect, Chevron is currently requesting BPMIGAS to extend Kisaran's exploration phase into another 4 year exploration period,? a Chevron IndoAsia Business Unit Spokesperson said in an e-mailed statement Thursday.
Chevron Pacific Indonesia, a unit of Chevron, is currently the operator of Kisaran Block along with its partner Pacific Oil & Gas with a 50% working interest, respectively.
Kisaran Block, located in Labuan Batu Regency- North Sumatra, was awarded in 2001 by the Government of Indonesia - with a 10-year firm commitment of US$ 13.25 million for 3D Seismic Work, Geological & Geophysical (G&G) Study and Drilling.
A local media reported on Thursday that Chevron is in the process of farming out part of interest in the block after unsatisfactory drilling results on the block last year. (godang)