Drilling at Jatayu-1 well may be suspended for 3-4 weeks

Saturday, September 1 2012 - 03:13 AM WIB

By Peni Pedriawan

UK-based energy firm Sound Oil announced it has received notification from operator of Citarum PSC, Pan Orient Energy, that the Jatayu-1 exploration well will be suspended with the setting of 4.5" casing down to 6,640 feet measured depth.

Upon completion of the casing of the well, the company said in an operation report update, the rig will mobilize to the Geulis-1 exploration location with drilling set to commence on this well in 3 to 4 weeks.

During this period, a service rig is planned to be mobilized onto the Jatayu-1 location and to commence drilling the additional 1,300 feet to the Parigi limestone target utilizing slim hole drilling equipment.

Sound said the move is expected to result in significant cost savings by not requiring the current drilling rig to go on standby. ?It is estimated that without significant further drilling problems, the Jatayu-1 will be completed to target depth for approximately US$$1.5 million," it said.

Sound has a 20 percent stake in the Jatayu-1 project in the Citarum PSC.

Editing by Dadan Wijaksana

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