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Statoil Indonesia

Indonesia

Address: Wisma Pondok Indah II, Suite 602 Jl. Sultan Iskandar Muda, Kav. V-TA Jakarta 12310

Tel: +62 21 27588400

Web: www.statoil.com

Company description

Statoil is an international energy company headquartered in Norway. It has more than 35 years of experience from oil and gas production on the Norwegian continental shelf and has currently operations in 40 countries. Statoil is among the world’s largest offshore oil and gas operators and is seen as a leader in technology and resource management. Statoil has 29,000 employees worldwide, and is listed on the New York and Oslo stock exchanges with a market capitalisation of approximately USD 70 billion. Equity production in 2009 was 1,962 000 boepd and booked reserves of oil and gas is reported at 5.4 billion barrels. For further information, please visit www.statoil.com. We aim to deliver long-term growth and continue to develop technologies and manage projects that will meet the world’s energy and climate challenges in a sustainable way.

Products and services

Statoil has agreements that give us interests in the deepwater Kuma and Karama blocks off Indonesia, where the water depth ranges from 1000 to 2000 metres. In 2008 we acquired 2297 square kilometres of 3D seismic data over the Karama PSC and have fulfilled our seismic work obligation. Within the Kuma PSC, 1044 square kilometres of 3D seismic data have been acquired. A contract for use of the drillship Global Santa Fe Explorer was signed by a consortium of six oil companies including StatoilHydro in 2008. The contract is for two years with a one year extension option. The three commitment wells in the Karama PSC will be drilled in 2011, while the Kuma well is expected to be drilled in late 2010 or early 2011. Drilling preparations will be initiated for all operated and non-operated wells. A two year extension of the Memorandum of Understanding (MOU) with Pertamina was signed in October 2008.
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