Cooper completes Sukananti 3D seismic acquisition program

ASX-listed energy company Cooper Energy said that the 24.3 km2 3D survey over the Sukananti Block (known as the Sukananti KSO) in South Sumatra, onshore Indonesia, has been completed within budget.

The Sukananti KSO is a joint venture of Cooper Energy (55 percent) and Mega Adhyaksa Pratama (45 percent). Cooper Energy also acts as operator of the block.

The 3D seismic acquisition program was designed to provide enhanced structural and stratigraphic resolution across the entire block.

"This will be valuable in optimizing the development of the current fields by delineating additional development drilling targets. The improved structural definition will also enable the evaluation of exploration targets," the company said.

The seismic data is currently being processed by PT Fugro Indonesia in Jakarta and is expected to be available for interpretation in the first quarter 2012.

The successful completion of the Sukananti 3D seismic survey is an important step in the future development of the Sukananti Block, the company said.

The three fields within the Sukananti Block have produced 1.08 million barrels of oil to date and Cooper has identified opportunities for further increasing the production and reserves. (lucky)