Theindonesiatoday.com - Transworld Seruway Exploration Ltd plans a 3D marine seismic acquisition programs in the Malaca Strait Offshore area of its Seruway Block, East Aceh.
The company seeks a 3D seismic vessel with a minimum of 6 steamers and fast track on board processing to support this year's program.
The Seruway PSC currently covers an area of 3,635 km 2 and contains two gas discoveries (Gurame and Kuala Langsa) together with a number of exploration opportunities. The PSC is located close to the Arun LNG plant which has near term unfilled capacity.
On June 28, 2011 Indonesia Today reported that MEO Australia Limited (ASX: MEO; OTC: MEOAY) announce the expansion of its business portfolio by acquiring all of the shares in Transworld Seruway Exploration which is the holder of a 100% participating interest in the offshore Seruway PSC.
Under the acquisition arrangements, MEO has committed to acquire a 700km 2 3D seismic survey and drill one exploration well in the PSC before the end of 2012. The PSC expires on 11th December 2014 and will be operated out of the Indonesian office that MEO acquired as part of the transaction.
Indonesia Breaking News www.theindonesiatoday.com
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