Carnarvon updates Indonesian exploration ops
Friday, January 29 2010 - 05:52 AM WIB
The following is an excerpt taken from Quarterly Report of Australian oil, gas firm Carnarvon Petroleum published on Friday (ed)
(Rangkas PSC ? Onshore Indonesia)
(Carnarvon Petroleum 25%, Lundin Petroleum 51% and Operator, Tap Oil 24%)
The Rangkas block is located onshore West Java, southwest of Jakarta, and covers an area of 3,977 km2. Previous drilling in the block and surface oil seeps confirm an active petroleum system. Several prospects and leads are identified in the block based on reprocessed 2D seismic data.
A seismic survey of up to 500 km is in planning for acquisition in the third quarter of 2010.
Based on the results of this seismic survey the joint venture may commit to additional seismic and drilling in 2011-2012. (end of excerpt)