Bass identifies new opportunities in Tangai-Sukananti KSO
Friday, June 30 2017 - 02:19 AM WIB
ASX-listed Bass Oil Ltd said that the Indonesian-based team at the Tangai-Sukananti KSO in South Sumatra Province has identified development opportunities capable of adding up to 350 bopd (100% JV) in production from two wells, which are scheduled to commence in early third quarter of this year.
The company said in a recent statement that current production consistently stands at or in excess of 600 bopd.
Bass said that production for the quarter ending June is expected to be around 30,000 barrels of oil, 11 percent higher than production in the March quarter.
Bass hold a 55 percent interest in the Tangai-Sukananti production assets, located within the South Sumatra Basin, under a KSO valid until 2025.
Editing by Reiner Simanjuntak