Experts meet on deepwater oil

Experts meet on deepwater oil

JAKARTA (JP): Local and foreign oil experts gathered here on
Tuesday for a seminar to discuss oil and gas exploration in
deepwater areas.

The Indonesian Sedimentologists Forum (FOSI) organized the
Second Regional Seminar on Deepwater Sedimentation of Southeast
Asia, which featured world-class deepwater experts. In a
statement issued at the seminar, the discussions were aimed at
studying "the intricacies of deepwater opportunities in Indonesia
and its vicinity."

FOSI is a division of the Indonesian Association of
Geologists.

FX Sujanto, senior advisor to state oil and gas company
Pertamina's upstream vice president, said during the seminar that
around 11 billion barrels of oil and 31 trillion cubic feet of
gas had been discovered in deepwater areas surrounding East
Kalimantan.

More reserves have yet to be discovered in these areas, he
said.

He added that deepwater exploration is predicted to peak in
the near future as the government had been offering six new oil
and gas blocks in the areas to investors. (jsk)