Genting Oil completing third exploration well in Kasuri block

By Godang Sitompul

 

Upstream authority BPMIGAS said Malaysia's Genting Oil&Gas Limited has resumed conducting exploration activities at its Kasuri Block in West Papua after halting its activities earlier. The company is now working on completing third exploration well.

 

Deputy for Operation of BPMIGAS Rudi Rubiandini told Petromindo.com that the company is now drilling the third exploration well in the block. ?Genting has carried on its exploration. It is now completing the third well,? he said.

 

He said he expects the company to continue exploration before submitting plan of development to the upstream authority. ?The prospect is good in Kasuri block,? said Rudi.

 

The company halted exploration earlier, claiming that BP Indonesia had objected to their conducting the 3D seismic activities near the Tangguh LNG project. BP later refuted Genting's claim prompting BPMIGAS to summon the two contractors to clarify the matter. BPMIGAS then settled the differences and told Genting to resume exploration.

 

Genting Oil is conducting 3D seismic survey on 200 sqkm (surface footprint) at its Kasuri PSC block, West Papua. Genting holds 100 percent stake in the block which was awarded in 2008, operating it through its unit Genting Oil Kasuri Pte Ltd.

 

BP is the operator of the Tangguh field, holding a 37.16 percent stake in the project. Other partners are MI Berau B.V. (16.3 percent), China-based CNOOC (13.9 percent), Nippon Oil Exploration (Berau)(12.23 percent), KG Berau/KG Wiriagar (10 percent), LNG Japan Corporation (7.35 percent) and Australia-based Talisman (3.06 percent).

 

 

Editing by Roffie Kurniawan