THE SEKAYU PSC

The newest addition to the exploration portfolio, Sekayu PSC, was awarded in January 2007. The concession, located in South Sumatra, has excellent potential in a Miocene carbonate play which is productive throughout the Basin. The largest oil accumulation found to date (Kaji - Semoga Field) lies only 15 kilometers north of the Sekayu PSC.

Star Energy has acquired 204 km onshore 2D seismic in 2008, followed by a one well drilling (Cerah Sekayu-1 well) in 2010 with oil shows throughout the main reservoir target. A further study has been performed, where currently a 2D Seismic Survey of around 150 line kilometers is being acquired to confirm the presence of the remaining prospect and leads in the Block.

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