GDF SUEZ announces two important milestones in the development of its asset portfolio of exploration and production. These operations are located in one area in a mature Norway and the other in a promising region in Asia.
GDF SUEZ has thus acquire an additional 20% stake in gas field offshore Njord Noatun discovery and Norway from ExxonMobil Exploration & Production Norway AS. GDF SUEZ E & P Norge AS becomes the largest shareholder with 40% of this license, together with Statoil (20%, operator), E. ON Ruhrgas (30%), Faroe Petroleum (7.5%) and VNG (2, 5%).
At the same time, GDF SUEZ, with its partner Eni Indonesia (operator's license Muara Bakau with a 55% stake) announced a discovery in the North-East gas field Jangkrik on the licensing of offshore Muara Bakau, Indonesia.
This result follows the success of two exploration wells and appraisal wells completed in 2009 and 2010 on the field of Jangkrik.
According to Jean-Marie Dauger, Executive Vice President of GDF SUEZ in charge of Global Gas & LNG: "These two transactions illustrate well the strategy E & P of GDF SUEZ and its successful implementation: a balanced portfolio with a presence high in mature areas such as Njord Norway, and exploration activity in new regions such as Indonesia. "
The Njord area offshore Norway experienced strong activity. The field of North-West Flank, which is part of the license of Njord, is currently being drilled from the platform Njord and fast track development project field Hyme (ex-Gygrid), recently approved by the Ministry of Petroleum and Energy, provides a connection to the Njord infrastructure, where the gas will be processed. The project started production on the low pressure Njord field in 2013 will increase the recovery rate and the life of the field, in production since 1997.
Operating in the license since late 2000, GDF SUEZ would also accelerate the development of other discoveries in the region, to extend the lifetime of the Njord platform to serve as a hub for the area. The transaction is subject to approval by Norwegian authorities.
In Indonesia, GDF SUEZ has entered the offshore exploration license in Muara Bakau in September 2009, taking a 45%. This license is located in the eastern basin Kutei, leaving the Mahakam Delta, the largest river in the eastern part of the island of Borneo (East Kalimantan).The results of this exploratory wells indicate the presence of gas over 60 meters thick net sand in tanks of high quality dating Pliocene and Miocene epochs. During production test, the well produced gas with a high quality flow forced the well of 0.87 million m3 / d. The gas produced will be sent to the Bontang LNG plant.
Present in 16 countries, GDF SUEZ E & P has developed a balanced portfolio through targeted acquisitions and being operator licenses, to provide cash flow and resources to the Group. December 31, 2010, GDF SUEZ holds 362 licenses, of which 206 (57%) as an operator. The reserves were 815 mboe and total production of 51.2 Mboe (74% gas - 26% oil).