Elnusa, partners identify new gas prospect at C. Kalimantan block

UK-based oil firm Sound Oil reported on Wednesday seismic interpretation studies over the Kerendan Gas Field area in the central part of the Bangkanai PSC, Central Kalimantan, has identified a new prospect underlying the existing Kerendan Limestone gas accumulation.

The company said the new prospect might contain up to 540 billion cubic feet (P10*) of recoverable gas resources.

?A future well will be designed to pass through the known Kerendan Limestone gas accumulation at 9,000 feet, containing reserves of 238 billion cubic feet (Proven + Probable), on its way down to the deeper prospect at around 14,000 feet,? the company said without specifying drilling date.

?It is anticipated that a new seismic program will be acquired over a number of areas during the summer including the Kerendan Gas Field, the potentially large Jupoi prospect and a number of leads,? it said.

Sound Oil plc has a 35 percent interest Bangkanai through its wholly owned subsidiary Mitra Energia Ltd. The block is operated by Pertamina?s subsidiary Elnusa, which has 51 percent interest in the block. The remaining interest in the block is held by JSX-listed oil, gas firm Medco Energi. (alex)