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AVEVA Indonesia

Indonesia

Address: Arkadia Office Park Tower F, 14th Floor, Jl. Let. Jend TB Simatupang Kav 88,Indonesia

Tel: +62 217803522

Web: http://www.awexp.com.au/irm/content/home.html

Company description

AWE is an Australian oil and gas exploration and production company listed on the Australian Stock Exchange (ASX). The company was formed to appraise oil and gas discoveries in its initial asset portfolio and to build a significant international petroleum exploration and development entity through further international asset acquisitions. AWE's focus is on exploration and appraisal-type assets, in regions of proven prospectivity and where there is a high chance of commercial success. This focus includes currently marginal fields, whose worth may be improved by innovative appraisal and development approaches. Following the merger with ARC Energy in August 2008, AWE gained additional equity in the BassGas and Cliff Head projects and further production interests in the onshore Perth Basin. AWE also added equity interests in some prospective exploration permits. AWE currently has six main producing assets: Tui oil fields - offshore Taranaki basin, New Zealand (AWE 42.5% operator) BassGas project - offshore Bass Strait, Tasmania (AWE 46.25%) Cliff Head oil field - offshore Perth basin, Western Australia (AWE 57.5%) Casino gas field - offshore Otway basin, Victoria (AWE 25%) Onshore Perth Basin interests, Western Australia (AWE 33-100%) Onshore US shale gas, Texas (AWE10%)

Products and services

AWE opened an office in Indonesia in early 2006 to review exploration and development opportunities. The first exploration venture was consummated in June 2007 and AWE's first well was drilled in the Bulu basin in the Java Sea, approximately 90 kilometres north of Surabaya, East Java, began in early 2008. Further drilling is planned for 2012.
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