StatoilHydro and other members of the Makassar Strait Explorers Consortium awarded a two-year contract to Transocean for the drillship GSF Explorer to drill on the Karama block offshore west Sulawesi in Indonesia.
Under the contract, which will begin in late 2009, GSF Explorer will drill 12 exploration wells. The first of the three wells in the Karama license is scheduled for the second half of 2010. StatoilHydro is operator of the three wells with a 51 percent stake; Pertamina will hold a 49 percent share in the wells. The consortium consists of Marathon International Petroleum Indonesia Ltd., Anadarko Popodi Ltd., ConocoPhillips (Kuma) Ltd., ENI Bukat Ltd., Statoil Indonesia Karama AS and Talisman (Sageri) Ltd. Marathon is acting as lead operator for the group, but each member is responsible for their own committed wells.
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