Husky continues drilling program in Madura Strait PSC in 2012
Friday, February 10 2012 - 02:10 AM WIB
Canadian oil and gas company Husky Energy said it will continue its exploration program on the Madura Straits PSC in 2012 with a plan to drill six wells. The planned wells are near existing infrastructure, increasing the ability to advance their commercial development if proven successful, the company said.
In 2011, the company drilled two successful delineation wells in the block which confirmed additional commercial quantities of gas in the MDA and MBH fields. The MBH-1 exploration well, drilled in the fourth quarter, was successful with a new gas discovery and tested at an equipment-restricted rate of 18.1 mmscfd.
The company said the MBH field could be developed in tandem with the MDA field. The company plans to submit the plan of development (PoD) for the fields development in 2012.
Husky is the block?s operator with 40 percent interest. Chinese oil giant CNOOC Ltd has equal interest with Husky with local firm Samudera Energy holding the balance.
The company is now tendering the equipment and services for the Madura BD field development. The BD field project will cost the partnership US$350-400 million with leased FPSO. The first gas production from the Madura BD field is expected in 2014.
Editing by Roffie Kurniawan