News Update
Asia's significance and contribution to global issues of energy, climate change and sustainable development has been steadily growing. The update highlights some of the major news stories from various Asian countries offering an overview of the issues, prospects and challenges in the region.
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| BP secures exploration block in Indonesia |
| GlobalData Research Views, 26 November 2010 |
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BP Plc (BP) has been awarded a 100% interest in the North Arafura oil and gas production sharing contract (PSC) in onshore Papua province. The PSC was signed on November 26, 2010 in Jakarta by representatives of the Indonesian government and BP. The North Arafura PSC is located on the coast of the Arafura Sea, 480km southeast of the BP-operated Tangguh plant, covering an area of just over 5,000 sq. km.
BP expects to commence seismic operations on the block in the near future.
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