Marathon plans soon to start drilling its first wells on three blocks in Indonesia, the US company’s only assets in Asia. Marathon in late June will begin drilling two wildcat wells on the Pasangkayu Block in the Makassar Strait, at a cost of around $50 million each, the country’s regional manager, John Bates, said Wednesday. The wells will target the Bravo and Romeo prospects, with gross unrisked resource potential of up to 1 billion boe and 500 million boe, respectively. Work on the block was delayed by red tape, but is now moving ahead, Bates said.
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