Capitalinc unit to drill Selulu-1 well
Tuesday, January 19 2016 - 01:29 AM WIB
By Ruli Setiawan
IDX-listed PT Capitalinc Investment Tbk said its subsidiary PT Cahaya Batu Raja Blok plans to drill the Selulu-1 well at the Air Komering block in Gemiung Village, Buana Pemaca District, Ogan Komering Ulu Selatan Regency, South Sumatra Province.
The company said in a statement last week that the drilling program for the AK-2/Selulu-1 well will be implemented in March of this year.
The company added that land acquisition process has been carried out, and to be proceeded with drilling site preparation.
The Air Komering block PSC was signed on December 12, 2004.
Editing by Reiner Simanjuntak