Cooper enjoys higher oil production in Q3
Monday, October 29 2012 - 03:23 AM WIB
Australia-listed energy company Cooper Energy announced that its oil production entitlement from the Sukananti block onshore South Sumatra, under the joint operation Sukananti KSO scheme, in the third quarter ending September was 4,796 barrels.
The production represented a 45 percent increase from the previous quarter, it said in its latest quarterly report. It did not elaborate further.
It added that the reactivation and work over of the Tangai-1 well planned for the December quarter 2012 is the next step.
Meanwhile, it also said that the interpretation of recent 3D seismic in the Sukananti KSO has been completed and the results are being evaluated. This work is expected to lead to the drilling of one well during 2013.
Preparations for the acquisition of 600 km of 2D seismic in the Sumbagsel PSC are ongoing. Discussions are also underway with parties interested to farm-in to Sumbagsel which at present is 100 percent held by Cooper.
Editing by Dadan Wijaksana