Ande Ande Lumut, West Natuna Basin, offshore Indonesia.
In August 2013, Santos announced the acquisition of a 50% interest in the Northwest Natuna Production Sharing Contract (PSC) which contains the undeveloped Ande Ande Lumut oil field. The acquisition is subject to Indonesian regulatory approval of the transfer of a 50% interest in the PSC and operatorship from AWE Limited to Santos.
This field, located offshore Indonesia, has been independently assessed to contain estimated gross proved and probable (2P) reserves of approximately 100 million barrels of oil.
Work is under way on the proposed development plan for the field, which contemplates the installation of a well-head platform and a permanently moored floating production storage and offloading vessel (FPSO), with oil off-take via shuttle tankers.