University:
California State University, Northridge
Course:
IS 441 | Database Management Systems
Academic year:

2023
Views:

377

Pages:

3
Author:

Danial A.

TERUMBU BLOCK - PSC Offshore East Java Date : January, 2018 Scale : As shown Terumbu - PSC Terumbu - PSC Contract Area Type of Contract Production Sharing Contract (PSC) Location Offshore East Java Operator AWE (Terumbu) NZ. Limited Basin East Java Sea Status Exploration Area Original 960.04 km2 Present 717.32 km2 Date Effective contract date May 05, 2009 End of contract period May 05, 2039 Relinquishment 10% relinquishment in first thre year Bonus Signature US$ 1,000.000 Production US$ 1,000.000 @ 20 MMBOE US$ 2,000.000 @ 50 MMBOE US$ 3,000.000 @ 75 MMBOE Work Commitments US$ 9,500,000 in three years Participant Interest AWE (Terumbu) NZ Limited 100% (Operator) Summary of Activities 2017 Awaiting official communication from MIGAS to relinquish the blocks