Capitalinc?s unit to drill well in Seinangka-Senipah PSC
Saturday, April 25 2015 - 01:51 AM WIB
By Ruli Setiawan
IDX-listed PT Capitalinc Investment Tbk announced Wednesday that its subsidiary, PT Kutai Etam Petroleum (KEP), plans to drill Bantuas-1 well in its wholly-owned Seinangka-Senipah PSC in East Kalimantan.
The firm said the drilling is scheduled for July of this year.
In January this year, the firm announced that KEP has been given by the directorate general of oil and gas two years and six months (from Dec. 12, 2014 through June 12, 2017) in ?replacement time related to swap area?. The PSC was signed on Dec. 12, 2004.
Editing by Johannes Simbolon