Citarum partnership conducts 1,250km seismic

UK firm Sound Oil plc reported on Wednesday that the Citarum PSC partnership is currently conducting a 1250 km seismic survey on the block which is intended to fulfill the 750 km (Years 1-3) and 500 km (Year 4) seismic commitments on the PSC.

The first phase of the survey comprising 850 km in the eastern areas of the block is anticipated to be completed in 3Q 2009, the company said.

Currently the survey contractor has suspended operations until 31 May, at no incremental cost to the partnership, pending upgrade of equipment. The interpreted seismic results will be used to determine drilling locations for the remaining three exploration commitment wells on the PSC, the company said.

Sound has 20 percent interest in Citarum PSc which is located onshore West Java. Canadian firm Pan Orient Energy Corp is the block?s operator with 69 percent interest. The remaining 11 percent is held by Malaysian firm Ranhill Berhad. (alex)