The Semai III Block is one of the best remaining exploration opportunities in Eastern Indonesia. It lies in the heart of a prolific hydrocarbon trend. Significant gas and oil discoveries have been made in the nearby fields. The primary reservoir objective is Jurassic sandstones.There are 4 identified major prospects within the block; i.e. Kaleyo-Opior, Poksai, Murai Batu and Cucak Ijo in Semai III. Total un-risked resource assessment is ranging 1.4-75-390 TCF (P90-P50-P10).
PT Suma Sarana is a subsidiary of PT MNC Energy Investments Tbk. Semai III PSC was awarded to PT Suma Sarana on November 13th, 2008 for 30 years contract period. Currently PT Suma Sarana has 100% equity and is seeking a Joint Venture Partnership to together explore potential significant hydrocarbon deposits and execute the drilling program in Semai III PSC.
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