The Madura Strait Production Sharing Contract (PSC) is located in East Java Basin, one of the most prolific areas in Indonesia with remarkable oil and gas reserves. The exploration and exploitation of oil and gas in the Madura Strait was previously operated by Husky Oil Madura Limited (HOML) established in May 1982. Following the acquisition of 50% shares of HOML by China National Offshore Oil Corporation Southeast Asia Limited (CNOOC), the company evolved to Husky-CNOOC Madura Limited (HCML) on October 3rd, 2011.
The operation of the Madura Strait Production Sharing Contract (PSC) is currently under the management of Husky-CNOOC Madura Limited (HCML), whose shares are owned by Husky Oil Madura Partnership (HOMP) 40%, China National Offshore Oil Corporation Southeast Asia Limited (CNOOC) 40%, and SMS Development Limited (Samudra Energy) 20%.
Husky Oil Madura Partnership is a subsidiary of Husky Energy Ltd., a Canadian-based integrated energy company, which operates in the United States and Asia Pacific region. Meanwhile, CNOOC is a major national oil company in China focusing on the exploration, exploitation, and development of oil and natural gas. Samudra Energy Limited is an independent upstream oil and gas company having core business on the exploration, development and production of oil and gas in Indonesia.
Despite CNOOC operatorship, HCML remains a company with a unique blend of North America, Asia, and Indonesia cultures, combining diverse but yet unified mind-set for future. HCML has set its vision to be the biggest gas producer in East Java and the operator of choice in Indonesia. To achieve its vision, HCML continuously strives to deliver values to its stakeholders through excellent operation in oil and gas business with strong commitment to ethics, health, safety, and environment.
Through its headquarter in Indonesia Stock Exchange Building, Tower 1, General Sudirman Street Kavling 25, Jakarta, HCML runs its 2,516 square-kilometer PSC of the Madura Strait covering some areas in East Java, including Sumenep, Sampang, and Pasuruan offshores. To sustain its successful operation, the company opened its Regional Office in Intiland Tower Building, Panglima Sudirman Street 101-103, Surabaya, on June 13th, 2012.
Vision & Mission
Husky - CNOOC Madura Limited is one of the Production Sharing Contracts (PSC) of Badan Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (BPMIGAS), which later on was changed into Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas), Kementerian Energi dan Sumber Daya Mineral, as a representative of the Government of Republic of Indonesia to conduct exploration and exploitation of oil and gas in Madura Strait. HCML was formerly known as Husky Oil (Madura) Limited (“HOML”). As the operator of Madura Strait, HCML is currently owned by Husky Oil Madura Partnership (“HOMP”), CNOOC South East Asia Limited (“CNOOC”), and SMS Development Limited (“Samudra”).