Cue prepares to drill Naga Selatan-2 well in Q4
Friday, July 24 2015 - 09:29 AM WIB
ASX-listed Cue Energy Resources Limited said Friday that preparations in Indonesia continue for drilling in the Mahakam Hilir PSC, onshore East Kalimantan, with tenders received for the drilling and civil construction activities for the Naga Selatan-2 well, which is planned to be drilled in the fourth quarter (Q4) of this year.
?Naga Selatan 2 well planning is progressing, with tenders received for the drilling rig and the construction of the drilling pad and access roads. The well is planned to be drilled in Q4 2015,? the company said in a statement.
It said that extensive field mapping in the block has helped identify a final location for the Naga Selatan-2 well. Field geologists have identified several active oil seeps during their work and this critical information has been used in updating the structural interpretation of the prospect and selecting an initial drill location.
?This oil prospect lies along trend from the large Sei Nangka and Pelarang Selatan oil fields. The prospect has multiple shallow targets, located at depths down to 3000? TVD. Additional exploration objectives have also been identified on the existing seismic data,? the company explained.
Cue holds a 100 percent interest in, and is the operator of, the Mahakam Hilir PSC in the prolific Kutei Basin onshore Kalimantan.
Editing by Reiner Simanjuntak