Interra, partner spud Tanjung Miring development well
Monday, November 3 2008 - 02:40 PM WIB
Singapore Exchange-listed oil, gas firm Interra Resources Limited announced Monday that that the operator of the Tanjung Miring Timur (TMT) oil field onshore South Sumatra has commenced drilling a development well, TMT-51, on 1 November 2008.
Well TMT-51 is the first of a 3 well development program scheduled for 2008. The program is anticipated to be completed by early 2009, the company said.
TMT is currently producing in excess of 725 barrels of oil per day from 33 wells.
Interra owns a 70% interest in the TMT Technical Assistance Contract. The owner of the remaining 30% and operator of the field is PT Retco Prima Energi.(alex)