The contract starts in late 2009. StatoilHydro is the operator of three exploration wells in Karama and GSF Explorer will drill them during the contract period. StatoilHydro owns a 51% stake while Indonesian energy firm Pertamina has a 49% share in the wells.
The consortium’s drilling program includes a total of 12 exploration wells during a two-year period. Marathon International Petroleum is acting as lead operator for the group, but each consortium member is responsible for their own committed wells.
Bjarte Ydstebo, StatoilHydro vice president for procurement drilling and wells, said: The first of the three wells in the Karama license is scheduled for the second half of 2010.
