Palmerah Baru PSC

Bow is the operator of the 98,977 acre Palmerah Baru PSC, retaining a 54% Working Interest.

  • Cost recovery pool¬†$1.7 million USD (Net)
  • Trend exploration for light oil and wet gas deposits
  • Several light oil play trends
    • Total unrisked OOIP 66.7 MMBO, CIP 15.2 MMBOE and GIP 383.6 BCF (internal estimates)
    • Shallow and deep analogues in surrounding PSC’s
  • Offset fields have 1.5 Billion boe discovered, currently producing 200,000 boepd
    • Nearby producing Budi Oil Field with OOIP of 23.9 MBO
  • Palmerah MNK (non-conventional) awarded May 2015 over same area
    • Synergies in conventional and non-conventional exploration and development

 

Palmerah Baru Leads