A consortium of oil companies calling themselves the Makassar Strait Explorers have hired Transocean's deepwater drill ship GSF Explorer to a two-year contract to develop test the Karama block off West Sulawesi, Indonesia for hydrocarbons.The contract starts late in 2009, when operator StatoilHydro begins drilling three wells. The Norwegian energy champ holds a 51 percent and Pertamina 49 percent in the wells, which will spud late in 2010.
“The consortium is now in the process of planning procurement of additional products and services for the drilling campaign," a statement said.
The Makassar oil companies also include Marathon, Anadarko, ConocoPhillips, ENI and Talisman, and they'll combine for 12 exploration wells. Each company will pay for its own area wells.
A similar "rig club" was formed in Norway two years ago to help keep rigs in Norway, after drilling contractors complained too few promised exploration wells were being followed through.
Source: Scandoil
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