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Niko Expands its Indonesian PSCs Portfolio
Posted by mb50
Niko Resources Ltd. has been awarded two new Production Sharing Contracts (“PSCs”) in Indonesia. The Company now has interests in 20 Indonesian PSCs including 13 in its West Papua portfolio.
As shown in above, the 8,217 Km2 SE Seram offshore block is adjacent to Niko’s Seram, East Bula and Kumawa blocks and also borders a third party block where the Andalan‐1 well is currently drilling. Niko will have a 100% working interest and operate.
The 6000 Km2 Halmahera II block is adjacent to Niko’s Obi, Halmahera‐Kofiau and Kofiau blocks. Niko will have a 20% working interest.
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Posted in Indonesia
Tags: Calgary, Expands, Indonesia, Indonesian, Indonesian language, News, Niko, Niko Resources, Papuan people, Portfolio, PSCs, south east asia, Territorial Disputes, West Papua