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Indonesia

In 2011, Tata Petrodyne, through its subsidiary, Dian Energy BV (DEBV), acquired 100% interest in O&G NewCo1 BV (NewCo), from Oil & Gas Equity Holdings, a 100% subsidiary of Shell Technology Venture Fund BV. Subsequent to the merger of DEBV with NewCo, DEBV will be the parent company of the following companies Meruap B.V., Merangin B.V. and Belida B.V. The blocks are located in highly prospective South Sumatra basin, Indonesia, which is a back arc basin consisting of a number of structural sub basins formed due to an initial extension phase during the early Tertiary times. All the blocks are close to existing production infrastructure.

While the Meruap contract expired in 2014 after producing an incremental 4.8 MMBO, the Merangin block is producing from two fields, viz. Tampi & Lumbian. The Merangin block also consists of a high impact structure expected to hold in excess of 100 MMBO resources which is expected to be drilled shortly. Belida Block is in pre-production stage with a oil discovery and a gas discovery. Production is expected to commence from 2018.

 
 
 
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