The company has acquired from Talisman a 50% interest in the Sageri production sharing contract (PSC), a 35% interest in the South Sageri PSC, and a 20% interest in the Sadang PSC.

Located in the South Makassar Basin in water depths ranging from 400m to 2,000m, these three Talisman-operated blocks cover a total area of 10,693 sq km.

Total said that the work commitments during the exploration period include acquiring 2D and 3D seismic as well as drilling two exploration wells.

The first exploration well is expected to be spudded in the Sageri block by the end of this year.