Husky may farm-out Java Sea exploration block
Tuesday, February 15 2011 - 02:50 PM WIB
Canadian oil, gas firm Husky Energy may seek to farm-out part of interest at the North Sumbawa II Exploration Block in the East Java Sea prior to drilling.
The company currently holds 100 percent interest in the block and is planning to start drilling in 2012.
The company did not disclose the percentage of interest it wished to farm-out.
Currently, interpretation of 1,020 kilometres of new 2-D seismic data is at an advanced stage, which will be used to define an exploration prospect for future drilling. (alex)