Cooper reports lower output from Tangai-Sukananti KSO

By Ruli Setiawan

ASX-listed Cooper Energy said that its share of oil production from the Tangai-Sukananti KSO in South Sumatra, Indonesia, during the December quarter was 35.4 kbbl (386 bopd), lower than the preceding quarter?s record production of 38.2 kbbl (415 bopd).

The company said in a statement Tuesday that the Bunian-4 appraisal/development well in the Tangai-Sukananti KSO was completed during the September quarter. The well has been completed as a future oil producer in the TRM3 and GRM sandstones and following installation of a jet pump is expected to commence production in the March quarter 2016.

Cooper said studies to modify the production facilities to allow for future infill drilling and an anticipated production increase upwards of 1,000 bopd (100 percent joint venture) are progressing. ?It is anticipated that modification of the field facilities will take place in the second half of calendar year 2016,? the statement said.

Cooper holds 55 percent interest in Tangai-Sukananti KSO.

Meanwhile, the company said seismic survey planning progressed in the Sumbagsel permit. ?The scouting of the proposed location of seismic to be acquired in 2016 was completed during the quarter,? it said. Cooper holds 100 percent interest in PSC.

Elsewhere, Cooper said geologic studies in the Merangin III permit are ongoing to high-grade areas of the permit for future seismic acquisition. Cooper holds 100 percent interest in the PSC.

Editing by Reiner Simanjuntak