Apexindo spuds M3nergy?s Cula-1 well
Friday, February 19 2016 - 04:09 AM WIB
IDX-listed oil and gas drilling contractor PT Apexindo Pratama Duta Tbk said its rig named Soehanah has spudded Cula-1 well within the Ujung Kulon block, offshore Banten, operated by Malaysian firm M3nergy Gamma Sdn. Bhd.
?Rig Soehanah is conducting drilling at Cula-1 well with the current depth of 4,950 feet, while the target is 7,870 feet,? Manager of Corporate Finance & Investor Relations at Apexindo, Paolo Kartadjoemena said to Petromindo.com.
He estimated that the drilling program will be completed at the end of this month.
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