BP backs out of offshore Indonesia blocks
Following seismic testing, BP says it will opt out of two exploration blocks off Indonesia in the Arafura Sea.
“Following the result of the 3D seismic evaluation, we have made the decision to relinquish bothWest Aru I and West Aru II blocks. The evaluation suggests that these blocks are both technically highly risky and commercially very challenging,” BP Indonesia head of country Dharmawan Samsu confirmed to Offshore.
The company was awarded 100% of the West Aru I and II production-sharing contracts in November 2011. Located in the Maluku province ofIndonesia, the two blocks, both more than 8,000 sq km (3,088 sq mi) in size, are located in water ranging from 200 m (656 ft) to 2,500 m (8,202 ft) deep.