3rd rig tendered for Bengara-II drilling program
Wednesday, July 25 2007 - 12:10 AM WIB
Dallas-based oil, gas explorer Continental Energy Corporation on Tuesday announced that its 18% owned Indonesian unit Continental-GeoPetro (Bengara-II) Ltd. (CGB2) has called for tenders for a third drilling rig to provide turn-key, integrated drilling services to drill wells on the Bengara-II PSC, onshore East Kalimantan.
CGB2 expects to award the drilling contract around the end of August.
The third rig will allow for intensification of the 2007 drilling program and will facilitate rapid evaluation of the large, fault bounded structure currently being tested by the Seberaba-1 well, the company said.
Other participants in Bengara-II block are CNPCHK Limited )and GeoPetro which holds 70 percent interest and GeoPetro Resources Company with 12 percent interests. (alex)