Thailand’s PTT Exploration and Production along with Murphy Oil and Inpex have won the exploration rights for the Semai II Block off West Papua as part of Indonesia’s 2007 licensing round.
During the first three years the partners will shoot 3D seismic over the 3379 square metre Block and drill three exploration wells.
PTTEP holds a 33.33% share in the block, while Murphy Oil, the operator holds 33.33%, and Japan’s Inpex holds the remaining 33.33% stake.
Semai II is PTTEP’s third petroleum block in Indonesia, following the Merangin-1 and Bangara-1 Blocks.
Source: Upstream Online
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