By Febry Silaban
Spanish oil and gas firm Repsol, through its subsidiary Talisman Sakakemang B.V., has commenced a 3D seismic acquisition along 330 sqkm in the Sakakemang PSC in South Sumatra, according to an official of the firm.
?The seismic survey is performed by PT BGP Indonesia (a subsidiary of Chinese survey and geophysical services firm BGP-CNPC),? the official told Petromindo.com.
Repsol has just completed the 2D seismic survey along 210 km in the block, according to the official.
Last year, Repsol acquired 100 percent of the shares of the Canadian company for $8.3 billion, plus assumed debt of $4.7 billion. The deal will transform Repsol into one of the world?s largest privately-owned energy groups, with increased presence in OECD countries, incorporating reserves and production in politically stable countries. Additionally, it will add a significant exploration portfolio and high-quality productive assets in North America (Canada and U.S.), South-East Asia (Indonesia, Malaysia and Vietnam) as well as Colombia and Norway, amongst others.
According to Petromindo.com data, the exploration block, which is located Corridor and Jambi Merang PSCs onshore South Sumatra, was awarded in 2010 to a local company PT Cakra Nusa Darma. Talisman obtained 90 percent of the interest last year.
Editing by Johannes Simbolon
