Harvest reports oil, gas shows at Budong Budong
Wednesday, March 2 2011 - 12:53 PM WIB
The Lariang LG-1 well, the first of two planned exploration wells, was spud on January 6, 2011. The well has been drilled to a depth of 4,527 feet and has encountered multiple oil and gas shows within the secondary Miocene objective, the company reported.
Wireline logs, samples of reservoir fluid and pressure data have confirmed the presence of hydrocarbons and greatly de-risked the exploration potential of the license, it added.
Drilling operations have taken longer than anticipated due to a combination of mechanical failures on the rig and having encountered formations with higher pressures than expected. To control the well, the 12-1/4 inch hole was drilled with 15.8 pounds per gallon mud. Currently the 9-5/8 inch casing is being set after which the well will drill ahead to test the primary Eocene targets with a planned total measured depth of approximately 7,200 feet, the company said.
Harvest has 64.4 percent interest in Budong Budong PSC block with balance held by operator Tately NV. (alex)