Operations in Indonesia

 

Overview

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The Group has been active in Indonesia since 2002 and has secured controlling positions in all of its properties. Serica’s activities in Indonesia are managed from its Jakarta office.

The following table summarises Serica’s Indonesian assets.

Block Type Role Interest Location
Glagah-Kambuna TAC Kambuna development Operator 65% Offshore N Sumatra
Biliton PSC Exploration Operator 45%¹ Offshore Java Sea
Kutai PSC Exploration Operator 52.5% Offshore Kalimantan²

Notes:

  1. Serica’s original interest in the Biliton PSC was 90%. Serica has entered into an agreement to farm-out a 45% interest in the Biliton PSC and Serica will retain an interest of 45%, subject to the approval of these arrangements by the Indonesian authorities.

  2. Part of the Kutai PSC lies onshore

 

 

Page last updated on August 17th, 2007 in accordance with AIM Rule 26