Apexindo?s rig mobilized to Palangkaraya

By Febry Silaban

ConocoPhillips Indonesia, a subsidiary of US oil and gas major ConocoPhillips, is mobilizing an onshore drilling rig owned by IDX-listed PT Apexindo Pratama Duta Tbk to the location of three exploration wells in Palangkaraya block onshore Central Kalimantan.

?The Apexindo?s rig which is now being mobilized from Sumatra to Central Kalimantan will be used to drill three back-to-back wells namely Pala, Nangka, and Raya,? Vice President Development & Relations ConocoPhillips Indonesia Joang Laksanto told Petromindo.com.

The company is likely to drill the wells in late December of this year.

Joang added that the company is still waiting for location permit from the Forestry and Environment Ministry.

ConocoPhillips has 49 percent interest in the block with operator Petcon Borneo Ltd. holding the balance.

Editing by Johannes Simbolon