Table: Investment commitment of exploration block winners

Monday, September 14 2009 - 12:43 AM WIB

First three-year commitment of blocks winners

No Block Contractor (s)

Commitment in three years

1 Andaman III Talisman Commitment Budget (US$ million )
? ? ? Signature Bonus 7.5
G & G Study 2.0
Exploration Well 1 30
Seismic survey 2D (kms)
REPRO 2D ? ?
Seismic survey 3D 2,500 15
Total 47
?
2 West Gelagah Kambuna Consortium Pertamina-Petronas Carigali Sdn Bhd. Signature Bonus 8.0
? ? ? G & G Study ? 2.0
Exploration Well 2 23
Seismic survey 2D (kms) 500 0.5
REPRO 2D
Seismic survey 3D 350 10
Total ? 35.5
?
3 East Bula Consortium Black Gold Energy LLC-Niko Resources Ltd. Signature Bonus ? 1.0
? ? ? G & G Study ? 0.5
Exploration Well
Seismic survey 2D (kms) 3,000 2.5
REPRO 2D ? ?
Seismic survey 3D ? ?
Total ? 3.0
?
4 Halmahera-Kofiau Consortium Black Gold Energy LLC-Niko Resources Ltd. Signature Bonus ? 1.5
? ? ? G & G Study ? 0.5
Exploration Well ? ?
Seismic survey 2D (kms) ? ?
REPRO 2D ? ?
Seismic survey 3D 3,000 2.5
Total ? 3.0
? ? ?
5 West Papua IV Consortium Black Gold Energy LLC-Niko Resources Ltd. Signature Bonus ? 2
? ? ? G & G Study ? 0.5
Exploration Well ? ?
Seismic survey 2D (kms) 3,000 2.5
REPRO 2D ? ?
Seismic survey 3D ? ?
Total ? 3.0

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