Carnarvon updates Indonesian exploration ops

The following is an excerpt taken from quarterly report of Australian oil, gas firm Carnarvon Petroleum published on Wednesday.(ed).

Rangkas PSC ? Onshore West Java

(Carnarvon Petroleum 25%, Tap Oil 24%, Lundin Petroleum 51% and Operator)

During the March 2011 quarter the Joint Venture continued its planned acquisition of nearly 500 km of 2D seismic data. This programme was successfully completed on 1 April 2011.

These seismic data will enhance the 1,000 km of existing reprocessed 2D seismic data to refine geophysical mapping of some 11 significant leads. Seismic interpretation will also compliment a number of reservoir and basin modelling studies undertaken recently.

The Rangkas Concession covers an area of 3,977 km2 and is located onshore west Java, southwest of Jakarta. Previous exploration seismic and drilling in the block, along with the presence of surface oil seeps, indicates the presence of an active petroleum system. (end of excerpt)