INDONESIA - Other Provinces.
In addition to the above major zones, there are interesting new discoveries in the Timor Sea Timor Sea
An arm of the Indian Ocean between Timor and Australia.
Noun 1. Timor Sea - an arm of the eastern Indian Ocean between Timor and northern Australia , where big oil and gas discoveries have been made. But more of these will be part of East Timor East Timor (tē`môr) or Timor-Leste (–lĕsht), Tetum Timor Lorosae, republic, officially Democratic Republic of Timor-Leste (2002 est. pop. , now an independ state, and Australia (see Vol. 52).
There are gas deposits on the island of Sulawesi. A discovery was made in a reefal play which raised possibilities of future prospects in the complex area of the Banda Arc, lying between Sulawesi and Papua. There is a small oil province in southern Kalimantan. In recent years, oil exploration of the Meratus Basin, in Central Kalimantan, was curtailed. Exploration in the marine areas to the south-west and south of Sumatra and Java which overlie o·ver·lie
tr.v. o·ver·lay , o·ver·lain , o·ver·ly·ing, o·ver·lies
1. To lie over or on.
2. To suffocate (a baby, for example) by accidentally lying on top of it. the fore arc basins, productive in Burma, has resulted only in some small gas discoveries and dry holes. Deep water prospects, considered highly speculative as a drilling campaign in the Lombok Strait was unsuccessful, are now becoming popular following discoveries in recent years.
Reserves: In January 1997, the state-owned NOC (Network Operations Center) A central or regional location for monitoring a large network. Also called a "network management center" (NMC), "service management center" (SMC) or "network control center" (NCC), a NOC may be used to manage a large enterprise network, Pertamina announced that Indonesia's proven and probable oil and condensate reserves stood at about 9 bn barrels and said they could last for about 10 years. An independent APS source last week put Indonesia's proven oil reserves at about 4.5 bn barrels, down from 5 bn barrels in early 2001. In addition, there are around 4 bn barrels in place yet to be proven recoverable. About 70% of the proven and probable oil reserves are located in Sumatra. Oil is produced from 14 sedimentary basins, mostly in Western Indonesia.
Proven reserves of natural gas are estimated at 94.5 TCF See Trenton Computer Festival. . Probable gas reserves are estimated at 138 TCF. The gas R/P R/P Role Playing
R/P Research Platform ratio has been put at less than 35 years.