Blue Dolphin Energy Company (BDCO) Acquires Interest in Offshore Indonesian Field
Blue Dolphin Energy Company announced that the company has acquired a 70% working interest in a Technical Assistance Contract (TAC) covering an offshore exploration field in Indonesia. The deal closed on June 1, 2010. The Langsa offshore block comprises 77 square kilometers, and is located in the Sumatra Basin, Indonesia. The company said that 4 wells have been drilled to date in this block, with 1 well active and 3 idle at the current time. Blue Dolphin Energy Company said that the one working well on the block is currently producing 620 barrels oil equivalent (BOE) per day, with proved…