GSAL has yet to carry out seismic survey, drilling in East Kangean block
Monday, September 2 2013 - 05:50 AM WIB
Oil & gas company Greenstar Asset Ltd (GSAL) has yet to carry out seismic survey and drilling program at the East Kangean block, offshore East Java. The company to date has only conducted various studies, said Nugrahani, Head of Exploration Division at upstream authority SKK Migas.
According to the GSAL production sharing contract, in addition to carrying out G&G study, the company is supposed to also carry out a 350 km 2D seismic survey, and to drill two exploration wells.
According to the Oil & Gas Book 2013, published by Petromindo Group, the block was awarded to GSAL in October 2005. In October 2011, GSAL obtained an exploration period extension of 4 years until October 6, 2015 from the then upstream authority BPMIGAS.
GSAL is a wholly-owned subsidiary of IDX-listed PT Capitalinc Investment Tbk.
Editing by Reiner Simanjuntak