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September 18, 2011

Total acquires offshore blocks in Indonesia from Talisman Energy

Total has signed agreements with Talisman Energy to farm-in three deepwater offshore exploration blocks operated by Talisman in the Makassar Strait of Indonesia. Under the agreement, Total acquired a 50% interest in the Sageri production sharing contract (PSC), 35% in the South Sageri

By cms admin

Total has signed agreements with Talisman Energy to farm-in three deepwater offshore exploration blocks operated by Talisman in the Makassar Strait of Indonesia.

Under the agreement, Total acquired a 50% interest in the Sageri production sharing contract (PSC), 35% in the South Sageri PSC and a 20% interest in the Sadang PSC.

The blocks are located in the South Makassar Basin at a depth of 400-2,000m, covering an area of 10,693km².

Total will undertake 2D and 3D seismic surveys and will drill two exploration wells, the first of which will take place in the Sageri block at the end of 2011.

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