Interra continues production testing in West Papua
Tuesday, June 4 2013 - 01:38 AM WIB
SGX-listed Interra Resources Limited reported that the production testing of LDA G5TW and SLE S2 onshore West Papua is still going on and awaiting for production equipment improvement.
The company said in a press statement on Monday that in the Linda Field, LDA G5TW continues to produce approximately 20 barrels of oil per day (bopd) from the Kais Formation carbonates while awaiting production equipment improvement including the addition of a higher capacity pump.
Following testing of the secondary deeper objective in the Kais Formation which did not yield commercial oil production, SLE S2 was perforated over two primary intermediate reservoir zones and is currently producing 60 bopd. Production optimization continues with the aim of increasing production from these reservoirs.
Two shallower reservoirs that appear promising on borehole electric logs will be tested at a later date.
Its wholly owned subsidiary, Goldwater LS Pte. Ltd. (GLS) has 100 percent working interest in LS and both wells were drilled using an externally contracted rig.
The company will announce updates reflecting any significant future production results as soon as they may be ascertained.
Editing by Benget Besalicto Tnb.