Ephindo?s CBM block produces 0.5 mmscfd
Thursday, February 12 2015 - 01:49 AM WIB
CBM company PT Ephindo has completed the drilling and trial production of three exploration wells at its Sangatta CBM PSC in East Kalimantan.
President Director Sammy Hamzah said during the trial production, the three wells produced 0.5 mmscfd of gas.
The firm is now carrying out a thorough evaluation on the block before deciding next activities.
The Sangatta I CBM PSC is located in eastern Kalimantan and was signed on 13 November 2008. Ephindo has an effective economic interest of 24% in the PSC and is joint-operator, via its holding in Sangatta West CBM Inc. (SWCI), which is jointly owned by Dart Energy Ltd. Other partner in the block is state owned oil and gas firm PT Pertamina, with a 52% working interest. The block originally covered an area of 1,301 km2, but has since been reduced to 1,168 km2 following a 10% mandatory relinquishment.
Editing by Johannes Simbolon