Cooper Energy?s output from Sukananti KSO up 7%
Friday, October 24 2014 - 02:03 AM WIB
ASX-listed Cooper Energy Ltd reported Friday that its share of production from the Sukananti KSO (Cooper Energy 55%) in South Sumatra in the third quarter of this year was 13.8 kbbl (150 bopd), 7 percent above the previous quarter?s 13 kbbl (145 bopd).
The company said in a statement that the Tangai-3 workover in the Sukananti KSO was successful and identified several zones of bypassed pay. The well is now producing, with the incremental oil production contributing to the field recording its second-highest quarterly production since Cooper Energy commenced production operations in Indonesia in 2011.
Cooper Energy said oil production is now sourced from 3 wells; Bunian-1, Tangai-1 and Tangai-3, with water disposal to Sukananti-1. Studies to evaluate the optimal artificial lift option at Tangai for further production growth are ongoing, it added.
?Final preparations are underway for the drilling of development wells scheduled to commence in the December quarter. The campaign is planned to comprise the Bunian-3 and Tangai-5 wells and may also include Bunian-4,? the company explained.
Elsewhere, Cooper Energy said that 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.
Meanwhile, Iinterpretation of 1,490 km of 2D seismic data from the Merangin III PSC (Cooper Energy 100%) has commenced, with the objective of maturing targets for seismic acquisition in the current financial year, the company said.
A process to farm out equity in the Sumbagsel and Merangin III exploration permits, both in South Sumatra, commenced during the third quarter, it said.
Editing by Reiner Simanjuntak