Map

                   

UAE/Qatar

Dolphin Energy

Production

Helping to meet growing energy needs by supplying the United Arab Emirates and Oman with gas from Qatar’s giant offshore North Field, the US$5.8 billion Dolphin Gas Project is a strategic asset of the UAE and so sits at the very heart of Mubadala and Mubadala Petroleum. When the first gas began flowing through the Dolphin pipeline across the Arabian Gulf in July 2007, it marked a hugely significant moment: the fruits of the first cross-border natural gas network between Gulf Cooperation Council countries and one of the largest energy investments to be undertaken in the Gulf region. Just six months later, two billion standard cubic feet per day was being delivered through the network.

Through Dolphin Energy, and in co-operation with our partners, we will continue to manage the operation of this strategic project, to ensure it delivers essential gas safely, cost-effectively and securely. Mubadala is the majority owner of Abu Dhabi-based Dolphin Energy, with a 51 percent shareholding. The remaining 49 percent is held equally between Total of France and Occidental Petroleum Corporation of the United States.

For more information, visit the Dolphin Energy website: dolphinenergy.com

Bahrain

Production & Development

Mubadala Petroleum and its partners – Occidental Petroleum and Bahrain Government’s NOGAHOLDING – are engaged in a leading-edge effort to revitalize production from the highly complex 80-year old Bahrain field, which was the first oil field to be developed on the Arabian side of the Gulf.

Mubadala Petroleum and our partners were awarded a Development and Production Sharing Agreement (DPSA) by the Bahrain Government in April 2009, and began an intensive program to redevelop this mature field with the aims of raising oil output and increasing Bahrain’s gas supply.

The partners set up Tatweer Petroleum to serve as operator for the project. Since Tatweer Petroleum began operations in Bahrain field, the partners have made substantial investments in new wells and new facilities. More than 193 wells were drilled in 2013 by three modern and highly mobile rigs, bringing the total number of new wells to 645 since inception in 2010.

A drilling fleet of six work over units is maintaining and rehabilitating the stock of 1004 wells. Existing facilities for oil production, gas handling, and water handling have been refurbished, and additional facilities have been constructed. As a result, oil production reached over 43,300 bopd by the end of 2013, up from 26,100 bopd when Tatweer Petroleum commenced operations.

The partners are currently engaged in an aggressive program to evaluate new technologies which could increase recovery from the mature reservoirs in the field and allow development of previously untapped resources such as tight reservoirs, heavy oil, and tar. Nine pilots are in progress, including thermal pilots in both light and heavy oil reservoirs and water and gas injection trials in multiple horizons.

At the same time, the partners have expanded production capacity from Bahrain field’s giant deep gas reservoirs, which are key to meeting the energy needs of the Kingdom of Bahrain. Production capacity has been increased to 2.3 BCF/D, up from 1.6 BCF/D in 2010, through drilling new wells and upgrading surface infrastructure.

Oman

Production – Development – Exploration

Block 53 - Mukhaizna

The Block 53 Concession Area covers 694 square kilometers on onshore Oman and contains the giant Mukhaizna heavy oil field. Mubadala Petroleum participates in Block 53 through its affiliate Liwa Energy, a wholly-owned subsidiary of Mubadala that holds a 15% participating interest in the Mukhaizna thermal EOR project. The project began in July 2005 with the ratification by Royal Decree of the Block 53 Production Sharing Agreement.

In consultation with Oman’s Ministry of Oil & Gas, we have worked as a partner (together with Oman Oil Company E&P, Shell Exploration & Production Oman Ltd, Total E&P Oman, Partex (Oman) Corporation and Occidental Mukhaizna LLC, the designated operator of the field), to design and implement the large-scale Mukhaizna steam flood project, the largest in the region.

The Mukhaizna EOR project has flooded the Mukhaizna field with steam in order to improve reservoir output. By the end of 2013, Mukhaizna was producing over 120,000 bopd; an increase of over 110,000 bopd since the partnership took over development of the field. Initiated in early 2007, thermal recovery operations have been implemented on more than 500 thermal patterns.

Mukhaizna currently has an oil treating capacity of more than 150,000 bopd and steam injection capacity of greater than 500,000 barrels of steam per day (bspd). Further engineering, design, and construction activities will increase steam generation capacity to in excess of 600,000 bspd by the end of 2014.

Block 62 – Habiba

Mubadala Petroleum’s most recent project in the Sultanate of Oman is the Habiba Block 62, which covers an area of 2,200 square kilometers in North Oman. The Exploration and Production Sharing Agreements covering the Block were signed with the country’s Ministry of Oil & Gas by Sixteenth Investment Company LLC, another affiliate of Mubadala Petroleum, Oman Oil Company E&P and Occidental Oman Gas Company.

Habiba Block 62 is unique in that it involves multiple projects, including the development of the Maradi Huraymah gas field, appraisal of three other gas discoveries, and both shallow and deep exploration potential. Mubadala Petroleum owns a 32% interest in this block.

Libya

Exploration

Mubadala Petroleum, through its affiliate Liwa Energy, holds a 20 percent working interest in Block 103 onshore Libya. Liwa Energy has partnered with the operator of the block, Oxy Libya LLC, on a five-year contract which was awarded in June 2008.

Tanzania

Exploration

Block 7, offshore Tanzania, is located in an exciting new province that holds great potential and represents Mubadala Petroleum’s first entry into sub-Saharan Africa.

We hold a 20 percent interest in the deepwater block, where depths range from 500 to 3,000 meters, and work in partnership with operator Ophir, who holds the remaining 80 percent of the block. Following a large 3D seismic survey acquired in late 2010, and additional 2D seismic acquired in 2011, our exploration program is ongoing.

Block 7 typifies our intention to seek new, high impact exploration opportunities within the eastern hemisphere.

Kazakhstan

Exploration

The Caspian Sea region holds many opportunities, both on and offshore. Our entry to this area took place in June 2009, when we signed a contract with our partners covering the joint exploration of the Nursultan Block (N Block). Located 30 kilometers south-south-west offshore of Aktau, Kazakhstan, N Block covers an area of approximately 8,100 square kilometers.

Our interest of 24.5 percent in N Block is matched by N Block B.V., the entity wholly affiliated to the Kazakhstan National Oil Company, while the majority partner KazMunayGaz (KMG), holds the remaining 51 percent interest. The project is run by a joint operating company, N Operating Company.

The first N Block exploration well was drilled in 2010, encountering hydrocarbons at several levels. Further exploration and appraisal is ongoing and the second exploration well was completed in 2012.

Геологиялық барлау

Каспий өңірі жағалауында, сондай-ақ қайраңында көптеген перспективалық мүмкіншіліктер бар. Біз Нұрсұлтан блогын («Н» блогы) бірлескен геологиялық талдау туралы серіктестермен келісімге қол қойып, 2009 жылы осы өңірге кірдік. Блок Қазақстандағы Ақтау қаласынан 30 шақырымда теңіздің оңтүстік-батысында орналасқан және 8 100 шаршы метр ауданды алып жатыр.

Біздің қатысу үлесіміз 24,5%-ды құрайды, «КонокоФиллипс» компаниясының үлесіне тең, ал «ҚазМұнайГаз» ҰК» АҚ 51%-ға иелік етеді. Жоба «Н Оперейтинг Компани» ЖШС операциялық компаниясымен бірге жүзеге асырылады.

«Н» блогында алғашқы бұрғылау ұңғымасы 2010 жылы бұрғыланды, нәтижесінде бірнеше қабатта көмірсутегі табылды. Бүгінгі күні геологиялық барлау және бағалау жұмыстары жүргізілуде.

Геологоразведка

В Каспийском регионе существует множество перспективных возможностей, как на берегу, так и на шельфе. Мы вошли в этот регион в 2009 году, подписав соглашение с партнерами о совместной геологоразведке Блока Нурсултан («Н» Блок). «Н» Блок расположен в море на юго-юго-западе в 30 километрах от города Актау в Казахстане и занимает площадь 8 100 квадратных километров.

Наша доля участия составляет 24,5%, равная доле компании «КонокоФиллипс», а компания АО «НК «КазМунайГаз» владеет 51%. Проект осуществляется совместной операционной компанией ТОО «Н Оперейтинг Компани».

Первая разведочная скважина на «Н» Блоке была пробурена в 2010 году, в результате были обнаружены углеводороды в нескольких горизонтах. На сегодняшний день ведутся геологоразведочные и оценочные работы.

Thailand

Production, Development & Exploration

The activities conducted by Mubadala Petroleum throughout our long-standing presence in Thailand reflect our strong capabilities in the areas of exploration, appraisal, development and production of hydrocarbons.

With a presence in Thailand since 2004, we operate five concessions including the very successful Jasmine B5/27 offshore development in the Gulf of Thailand. We also have interests in three non-operated concessions. Our contribution to the Thai economy since commencing operations has been significant, with total expenditures up to the end of 2013 in excess of US$2.0 billion, and taxes and royalty payments of more than US$1.1 billion.

As a long-term investor in Thailand, we are fully committed not only to the development of the local energy industry, but also to acting responsibly, with the utmost respect to the environment and communities we are operating in. We are engaged in various CSR activities focusing on education,
the environment and supporting the local communities.

Production: The success of Jasmine B5/27

In March 2005, just 13 months after concession acquisition, the first Jasmine platform, WPA, was installed and first oil was produced in June. Today, six platforms and one Floating Production, Storage and Offloading (FPSO) unit are in operation. Ban Yen produced first oil in 2008. In November
2013 the production milestone of 50 million barrels was reached; a substantial increase from the estimate made at the time of purchase in 2004.
In 2013, production output was 13,500 bopd and all production is sold for local use to meet Thailand’s growing energy needs.

Development: Operation of the Manora and Nong Yao fields

Mubadala Petroleum holds a 60 percent interest in, and operates, the G1/48 concession, located in the Northern Gulf of Thailand. This block contains the Manora field, which is about 80 kilometers offshore and sits beneath 44 meters of water.

The Manora field development was sanctioned in July 2012. The field was discovered in 2009 and the
development concept was selected in late 2011. The facilities will include a Wellhead Processing Platform with water injection facilities to maximize oil recovery with oil stored in a Floating
Storage and Offloading (FSO) vessel.

Production is expected to commence in Q3 2014, reaching a peak rate of approximately 15,000 bopd from ten production wells and five injection wells in the main reservoir sequence. Mubadala Petroleum holds a 75 percent interest and operates the G11/48 concession is the southern Gulf of Thailand where the Nong Yao field is located. The field is approximately 165 kilometers offshore in water
depth of about 75 meters.

The Nong Yao field was discovered in 2009 and its development was sanctioned in August 2013. The
development comprises Wellhead Processing Platform and a minimum facility Wellhead Platform with crude export via a FSO vessel. The initial development phase will consist of 23 development wells targeting the primary reservoirs. It is planned to commence production in the first half of 2015 and peak rates are expected to reach approximately 10,000 bopd within a few months of first oil.

Exploration:  

Mubadala Petroleum continues an active exploration program for all its blocks in Thailand. A two year drilling program in the Gulf of Thailand commenced in mid-2013, comprising Jasmine exploitation and new field development as well as exploration drilling.

ประเทศไทย
การผลิต การพัฒนา การประเมินผล และการสำรวจปิโตรเลียม

การดำเนินงานสำรวจและผลิตปิโตรเลียมของบริษัทมูบาดาลา ปิโตรเลียม ตลอดระยะเวลาอันยาวนานในประเทศไทย ได้สะท้อนถึงขีดความสามารถที่ครอบคลุมในด้านต่างๆ ทั้งด้านการผลิต การพัฒนา การประเมินผล และการสำรวจปิโตรเลียมจากการเข้ามาดำเนินงานในประเทศไทยตั้งแต่ปีพ.ศ. 2547 ของบริษัทเพิร์ล ออย (ปัจจุบันคือกลุ่มบริษัทในเครือของมูบาดาลา ปิโตรเลียม) ปัจจุบันบริษัทฯ เป็นผู้รับสัมปทานปิโตรเลียมในการสำรวจและผลิตในอ่าวไทยรวม 5 แปลง ซึ่งรวมถึงความสำเร็จในการผลิตน้ำมันจากแหล่งจัสมินในอ่าวไทยด้วย โดยเป็นผู้ดำเนินงาน 2 แปลง ส่วนอีก 3 แปลงยังไม่มีการดำเนินงาน

การประกอบการของบริษัทในประเทศไทยนับว่ามีส่วนสำคัญในการทำให้เศรษฐกิจของประเทศเติบโตขึ้น ตั้งแต่เริ่มดำเนินการถึงสิ้นปีพ.ศ. 2556 บริษัทได้ลงทุนด้านกิจการปิโตรเลียมไปแล้วมากกว่า 2 พันล้านเหรียญสหรัฐหรือประมาณ 64,000 ล้านบาท โดยได้ชำระภาษีและค่าภาคหลวงไปแล้วมากกว่า 1 พันล้านเหรียญสหรัฐหรือประมาณ 32,000 ล้านบาท

ในฐานะผู้ลงทุนระยะยาวในประเทศไทย เรามุ่งมั่นที่จะพัฒนาศักยภาพด้านพลังงานในประเทศควบคู่ไปกับความมุ่งมั่น ที่จะเคารพและรับผิดชอบต่อชุมชนและรักษาสิ่งแวดล้อมในพื้นที่ที่เราปฏิบิติงานอยู่อย่างเต็มที่ เราได้ดำเนินโครงการที่เป็นประโยชน์ต่อสังคมและสาธารณประโยชน์มากมายทั้งด้านการศึกษา สิ่งแวดล้อมและสนับสนุนกิจกรรมที่เป็นประโยชน์ต่อชุมชนต่างๆตลอดมา

การผลิต : ความสำเร็จของแหล่งน้ำมันจัสมิน แปลง B5/27.

ในเดือนมีนาคม พ.ศ.2548 เราประสบความสำเร็จในการติดตั้งแท่นผลิต WPA ที่แหล่งน้ำมันจัสมิน โดยใช้เวลาเพียง 13 เดือนหลังจากที่ได้เป็นผู้รับสัมปทานแทนผู้รับสัมปทานเดิม และสามารถเริ่มการผลิตน้ำมันดิบได้เป็นครั้งแรกในเดือนมิถุนายนปีเดียวกัน ทุกวันนี้ เราดำเนินการผลิตน้ำมันดิบจากแท่นผลิต 6 แท่น และมีเรือ FPSO สำหรับกักเก็บน้ำมันที่ผลิตได้ 1 ลำ สำหรับแหล่งน้ำมันบานเย็น เริ่มผลิตได้เป็นครั้งแรกในปี พ.ศ. 2551 และในเดือนธันวาคม พ.ศ.2556 เราผลิตน้ำมันดิบได้ครบ 50 ล้านบาเรล

ซึ่งเป็นการเพิ่มขึ้นอย่างมากจากที่ได้ประมาณการไว้ตั้งแต่แรกเริ่มที่ได้รับสัมปทานนี้ในปี พ.ศ. 2547      ในปีพ.ศ. 2556 อัตราการผลิตน้ำมันของเราอยู่ที่วันละ 13,500 บาเรล และได้ถูกนำมาใช้ภายในประเทศเพื่อตอบสนองความต้องการทางด้านพลังงานของประเทศไทย

 การพัฒนา : การดำเนินงานของแหล่งน้ำมันมโนราห์และนงเยาว์

 

บริษัท มูบาดาลา ปิโตรเลียม เป็นผู้ถือผลประโยชน์ 60% และเป็นผู้ดำเนินงานในแปลงสำรวจหมายเลข G1/48 ซึ่งตั้งอยู่บริเวณอ่าวไทยตอนกลาง โดยมีแหล่งน้ำมันสำคัญอยู่ในแปลงนี้คือแหล่งมโนราห์ซึ่งอยู่ห่างจากชายฝั่งที่ใกล้ที่สุดประมาณ 80 กิโลเมตรและอยู่ลึกลงไปใต้พื้นทะเล 44 เมตร แหล่งน้ำมันมโนราห์นี้ถูกสำรวจพบในปี พ.ศ. 2552 และบริษัทฯ ได้กำหนดแผนที่จะทำการพัฒนาแหล่งน้ำมันนี้เมื่อปลายปี 2554 และได้รับการอนุมัติจากบริษัทแม่ให้ดำเนินการพัฒนาแหล่งน้ำมันนี้ได้ในเดือนกรกฎาคม พ.ศ. 2555 โดยจะมีแท่นหลุมผลิตที่มีอุปกรณ์อัดน้ำกลับลงหลุมติดตั้งอยู่ด้วย เพื่อจะสามารถผลิตน้ำมันขี้นมาให้ได้มากที่สุด และนำไปจัดเก็บไว้ที่เรือกักเก็บ (FSO) เราคาดว่าจะสามารถเริ่มการผลิตน้ำมันจากแหล่งน้ำมันมโนราห์ได้ในไตรมาสที่ 3 ของปี พ.ศ. 2557 และจะมีอัตราการผลิตสูงสุดประมาณ 15,000 บาเรลต่อวันจากหลุมผลิต 10 หลุม และ   มีหลุมสำหรับอัดน้ำกลับอีก 5 หลุมเพื่อรักษาแหล่งกักเก็บหลักไว้

บริษัท มูบาดาลา ปิโตรเลียม เป็นผู้ถือผลประโยชน์ 75% และเป็นผู้ดำเนินงานในแปลงสำรวจหมายเลข G11/48 ซึ่งตั้งอยู่บริเวณตอนล่างของทะเลอ่าวไทย โดยมีแหล่งน้ำมันสำคัญคือแหล่งนงเยาว์ ซึ่งอยู๋ห่างจากชายฝั่งที่ใกล้ที่สุด 165 กิโลเมตร และอยู่ลึกลงไปใต้ทะเล 75 เมตร  แหล่งน้ำมันนงเยาว์ถูกค้นพบเมื่อปี พ.ศ 2552 และได้กำหนดแผนพัฒนาแหล่งน้ำมันนี้ขึ้นเมื่อเดือนสิงหาคม ปีพ.ศ. 2556 แผนพัฒนาแหล่งน้ำมันนี้ จะมีแท่นหลุมผลิตที่มีอุปกรณ์อัดน้ำกลับลงหลุมติดตั้งอยู่ด้วย เพื่อจะสามารถผลิตน้ำมันขี้นมาให้ได้มากที่สุด และนำไปจัดเก็บไว้ที่เรือกักเก็บ (FSO) การพัฒนาในขั้นต้น จะประกอบด้วยหลุมผลิตจำนวน 23 หลุม โดยคาดว่าจะเริ่มทำการผลิตได้ในช่วงครึ่งปีแรกของปีพ.ศ 2558 และมีอัตราการผลิตสูงสุดประมาณ 10,000 บาเรลต่อวัน

การสำรวจ:

บริษัท มูบาดาลา ปิโตรเลียม ยังดำเนินการสำรวจปิโตรเลียมในประเทศไทยอย่างต่อเนื่องในทุกแปลงที่บริษัทได้รับสัมปทาน โปรแกรม 2 ปีในการขุดเจาะหลุมปิโตรเลียมต่างๆในอ่าวไทยได้เริ่มแล้วเมื่อปี 2556 ซึ่งประกอบด้วยหลุมสำรวจและหลุมเตรียมการผลิตจากแหล่งกักเก็บใหม่ๆที่ค้นพบ

 

 

 

 

Malaysia

Appraisal & Exploration

Mubadala Petroleum had been present in Malaysia since April 2010, following the signing
of the first PSC agreement for Block SK320 in February the same year. We have a strong
relationship with Petronas Carigali and are parties to two PSC’s with them for blocks SK320 and
DW2B.  

Appraisal: SK320

Block SK320 is located offshore Sarawak. The block comprises a robust and diverse portfolio of exploration prospects including pre-carbonate, carbonate and post-carbonate plays. We are the operator, with 55 percent interest, Petronas Carigali holds 25 percent and Shell 20 percent. 3D seismic acquisition was undertaken in 2010 and an appraisal well at the M5 discovery was spudded in May 2012. The recent exploration drilling campaign yielded new gas discoveries including Pegaga, in addition to the existing M5 discovery. Further work is ongoing to assess more fully the nature and extent of the discoveries.

Exploration: DW2B

Mubadala Petroleum and Shell announced in January 2014 an equity swap for the exploration
offshore blocks SK320 and DW2B. Mubadala Petroleum gained a 20 percent interest in the
Shell operated deepwater Block DW2B while Shell gained a 20 percent interest in Block SK320.

Vietnam

Appraisal & Exploration

We have been involved in the oil and gas industry, pursuing a number of exciting opportunities offshore Vietnam since 2007. Mubadala Petroleum has built up valuable partnerships with Petrovietnam, Talisman, and other industry participants.

Appraisal:

Block 07/03 is located in the Nam Con Son Basin and contains the Ca Rong Do (CRD) oil and gas
field, which was discovered in 2009. Mubadala Petroleum holds 25 percent interest and Talisman is operator. Appraisal well CRD-3X successfully tested the reserves potential in 2013 and post well studies will confirm commerciality and identify the preferred development concept. CRD, which at over 320 meters, would be the deepest water development to date in Vietnam.

Exploration:

We are actively exploring three blocks in Vietnam. Mubadala Petroleum operates Block 04-2, holding
90 percent interest.

Blocks 135 & 136/3 are located adjacent to CRD offshore Vietnam and Mubadala Petroleum acquired a 20 percent interest in this deep water block in May 2011. Operator Talisman Energy acquired 3D seismic data in 2012 and the joint venture plans to drill the first exploration wells in 2014. Mubadala Petroleum plans to drill between three to five exploration prospects across Blocks 04-2, 07/03 and 135 & 136/03 during 2014.

Giai đoạn Thăm dò và Thẩm định

Chúng tôi tham gia vào sự phát triển của ngành công nghiệp dầu khí Việt Nam từ năm 2007 và đã xây dựng được mối quan hệ đối tác giá trị với Tập đoàn Dầu khí Việt Nam, Talisman và Premier Oil, cũng như các công ty khác trong ngành công nghiệp này.

Mubadala Petroleum đang theo đuổi các cơ hội đầy tiềm năng ngoài khơi Việt Nam.

Giai đoạn Thẩm định:

Mubadala Petroleum giữ 25 phần trăm cổ phần tại Lô 07/03 do Premier Oil là nhà điều hành. Mỏ Cá Rồng Đỏ (CRD) được phát hiện năm 2009 ngoài khơi Việt Nam và giếng khoan thẩm định đã được tiến hành năm 2011.  Nhà điều hành sẽ khoan một giếng cam kết trong năm 2013.

Giai đoạn Thăm dò:

Lô 135 & 136-3 nằm liền kề với mỏ CRD ngoài khơi Việt Nam và Mubadala Petroleum giữ 20 phần trăm cổ phần của hai lô nước sâu này từ tháng 05-2011. Công tác thu nổ địa chấn ba chiều (3D) đã được thực hiện vào quý 2 năm 2012. Talisman là nhà điều hành giữ 40 phần trăm cổ phần và Tổng Công ty Thăm dò và Khai thác Dầu khí (PVEP) giữ 40 phần trăm còn lại.

Mubadala Petroleum là nhà điều hành Lô 04-02, giữ 90 phần trăm cổ phần và Bitexco giữ 10 phần trăm. Giếng khoan thăm dò đầu tiên của Lô 04-02 được thực hiện trong năm 2013.

Indonesia

 

Production and Exploration

Present in Indonesia since 2003, we are the operator of three blocks covered by the Sebuku, West Sebuku and Kerapu Production Sharing Contracts. The Sebuku PSC contains the Ruby gas field which started production in October 2013. Mubadala Petroleum is exploring further growth opportunities in high-impact offshore areas.

Production: Ruby Gas Field

The Ruby gas field is located in the Makassar Straits, between the islands of Kalimantan and Sulawesi, and supplies gas for the domestic gas market. Mubadala Petroleum, operates and has a 70 percent interest in the Sebuku block that covers the field.

In June 2011, the development of the Ruby gas field was sanctioned. Just 28 months later first gas was produced. Together with our partners Total E&P Sebuku and INPEX South Makassar Ltd (each with 15 percent interest) we invested approximately US$500 million in building the project’s facilities.

First gas from Ruby followed a safe and successful hook-up and commissioning phase and parallel operations to drill Ruby’s four production wells. All offshore platform facilities were constructed in Indonesian fabrication yards between September 2011 and March 2013. A 312 kilometer subsea pipeline connects the Ruby platform to the dedicated terminal for processing at the Senipah onshore gas plant which is operated by Total E&P. The gas is delivered to a fertilizer plant owned by the buyer, PT Pupuk Kalimantan Timur.

Exploration: Kerapu & West Sebuku PSCs

We are the operator of the Kerapu block with an interest of 70 percent and Japan Petroleum Exploration holding the remaining 30 percent. 3D seismic was acquired in 2010 and exploration drilling took place in 2013.

Mubadala Petroleum entered into the West Sebuku PSC agreement in May 2013 and is the operator with a 75.5 percent interest. INPEX Corporation holds the remaining 24.5 percent interest. The West Sebuku block surrounds the Sebuku block and acquisition of 3D seismic data over both blocks was completed in early 2014.