Cooper Energy?s output from Sukananti increasing
Tuesday, July 22 2014 - 03:03 PM WIB
ASX-listed Cooper Energy Limited reported that its share of production from the Sukananti KSO in South Sumatra (Cooper Energy 55%) reached145 bopd, slightly above the previous quarter?s 139 bopd.
Sukananti-1, which was a non-producing well, has been recompleted as a water injection well, increasing field water disposal capacity by a factor of more than 5 and hence eliminating an existing oil production constraint.
The Tangai-3 workover to assess potential bypassed oil pay commenced on July 12. Preparatory work continues for a development drilling campaign in the Sukananti KSO comprising the Bunian-3 and Tangai-5 wells, with Bunian-4 to follow if Bunian-3 is successful. The campaign is expected to start either late in the September quarter or early in the December quarter.
Meanwhile, interpretation of the 257 km, 2D seismic survey acquired in the Sumbagsel PSC (Cooper Energy 100%) is in progress. The objective of the survey is to delineate exploration targets for future drilling.
It also reported that, Interpretation of 1,490 km of 2D seismic data from the Merangin III PSC (Cooper Energy 100%) commenced, with the objective of maturing targets for seismic acquisition in FY15.
Both PSCs are located onshore South Sumatra and Cooper holds 100% interest in the blocks
Editing by Johannes Simbolon