BP Gets 100% Interest in Indonesia Block

LONDON (TheStreet) -- BP said Friday it was awarded a 100% interest in the North Arafura oil and gas production sharing contract in onshore Papua Province, Indonesia.

BP, in a statement on its Web site, said it expects to begin "seismic operations on the block in the near future. "

BP said the block is located on the coast of the Arafura Sea, 480 kilometers southeast of the BP-operated Tangguh plant, covering an area of just more than 5,000 square kilometers.

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