Aabar drills second appraisal well in Makassar block
Monday, May 21 2007 - 01:23 AM WIB
UAE-based oil, gas firm Aabar Petroleum Investments Company said that it is currently drilling a second appraisal well, Makassar Straits-3, in the Sebuku PSC, offshore East Kalimantan to further delineate the extent of the gas reservoir.
"We are currently (drilling the second appraisal well). If this well is successful and we consider that the resources are commercially viable to develop, we will work to put together a plan of development," Tanya Pang, Aabar's new ventures and corporate relations manager as quoted by ArabianBusiness on Sunday.
The company also said that it planned to execute 17 2D and 3D seismic acquisition programmes in 2007 as well as drilling 12 exploration wells and 57 development wells.
The company has completed its drilling and testing operations on the Makassar Straits-4 (MS-4) appraisal well. MS-4 has been plugged and abandoned following the two drill stem tests. Company officials said it is likely to be a few more weeks before this well is completed and tested.
The Sebuku PSC covers 5,920 sq. km. Aabar, through its wholly owned subsidiary, PearlOil (Sebuku) Limited , is operator of the Sebuku PSC and holds 50 percent participating interest.
Subject to the approval of the Indonesian government and oil and gas regulator, Pearl Sebuku will hold 100 percent participating interest in the Sebuku PSC as it has acquired the remaining 50 percent from its former joint venture partner Fuel-x, the company said on May 02, 2007.(*)