Carnarvon updates Indonesian ops

The following is an excerpt taken from Operation Update of Australian oil, gas firm Carnarvon Petroleum published on Friday (ed).

Rangkas PSC ? Onshore Indonesia

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

Recording of the 500 km Rangkas 2D seismic acquisition programme was completed on 1 April 2011 and processing of the data was completed during the quarter.

These seismic data enhance the 1,000 km of existing reprocessed 2D seismic data being used to refine geophysical mapping of some 15 significant leads. Seismic interpretation has also complimented a number of reservoir and basin modelling studies undertaken. The work completed to date indicates multiple play types, often stacked, are present in this PSC.

The above work now fulfils the requirements of the ?1st Exploration Period? and 25% of the area of the Rangkas Block was submitted for partial relinquishment, as stated in the PSC requirements.

The Rangkas Block 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)