Appraisal drilling planned at AAL oil field
Friday, January 29 2016 - 02:56 AM WIB
ASX-listed AWE Ltd said Friday that ASX-listed Santos Ltd plans to drill an appraisal well at the Ande Ande Lumut (AAL) oil field in West Natuna PSC, in the Natuna Sea.
AWE, however, did not say when it would be carried out, saying only that the drilling program on the underlying G-Sand is targeting an additional 36 mmbbl gross 2C Resource to the established 101 mmbbl gross 2P Reserves.
?Tendering for the WHP and FPSO vessel is planned to continue over the first half of 2016,? said AWE in the statement.
AWE holds a 50 percent interest in the West Natuna PSC, while the balance is held by ASX-listed Santos Ltd as the operator.
A Santos official said last year the ALL oil field project is targeted to come on stream at the end of 2018, producing over 25,000 barrels of oil per day.
Editing by Reiner Simanjuntak