Continental Energy outlines Bengara-II drilling program
Tuesday, May 4 2004 - 11:57 PM WIB
The program contains geological justifications, drilling programs, and budgets for the drilling of three exploration wells within the block.
The first well to be drilled will be named Pungit-#1, and is planned to a total depth of 8,800 feet. It is located onshore, near an oil lake formed by natural surface seeps and leaks from wellheads from an old oilfield active around 1915, which produced from several shallow sand horizons. The well will test four separate potential oil producing zones on one flank of a very large structure called the Galiadap Anticline, observed both on seismic and in surface outcrop. Drilling, testing and completion of the Pungit-#1 is expected to take approximately two months, and is budgeted at an estimated $4,500,000.
The second well will be named Seberaba-#1, and is planned to reach a total depth of 12,511 feet. It is located onshore, and will test three separate potential oil producing zones on the end of a large seismically determined trap, formed by a rollover into a large regional fault. Drilling, testing and completion of the Seberaba-#1 is expected to take approximately three months and is budgeted at $6,200,000.
The third well will be named Apung-#1, and is planned to reach a total depth of 7,595 feet. It is located onshore, and will test a portion of a large stratigraphic wedge evident on seismic. Drilling, testing and completion of the Apung-#1 is expected to take approximately two months, and is budgeted at $4,400,000.
Drilling operations will be contracted and supervised by Continental's 60% owned Indonesian operating subsidiary, Continental-GeoPetro (Bengara-II) Ltd. (alex)