Apexindo: Spudding of M3nergy?s Cula-1 well completed
Tuesday, March 8 2016 - 07:02 AM WIB
Drilling activity at the Cula-1 exploration well within the Ujung Kulon block, offshore Banten, operated by Malaysian firm M3nergy Gamma Sdn. Bhd. has been completed.
The well was spudded by using the Soehanah jackup rig owned by IDX-listed oil and gas drilling contractor PT Apexindo Pratama Duta Tbk.
?Drilling at Cula-1 well was finished a few days ago,? Manager of Corporate Finance & Investor Relations at Apexindo, Paolo Kartadjoemena said to Petromindo.com.
The well was drilled up to total depth of 7,870 feet.
The Ujung Kulon PSC covers an area of approximately 3,706 sq km both onshore and offshore in the southern part of Banten province. The 30-year PSC was signed on March 22, 2007 and was awarded to M3nergy. The firm has a 100 percent interest in the block.
Editing by Reiner Simanjuntak