NORTH SYDNEY, Australia –AWE Ltd. has elected to P&A its Atlas-1 wildcat well offshore Indonesia. The well found gas with a high CO2content at 2,011 ft. (613 m) in the Titan Production Sharing Contract in the offshore East Java basin.
Participants in the Titan PSC are:
AWE Limited (via subsidiaries) (Operator) 40%
Baruna Oil and Gas Ltd 25%
Mitra Energy (Indonesia Titan) Ltd 25%
PT. Sillo Maritime Perdana 10%,