Interra Resources updates Indonesian operation
Wednesday, July 31 2013 - 03:31 AM WIB
Tanjung Miring Timur TAC (Interra 100%)
The four new wells completed in Q1 2013 continue to contribute to the majority of the production. The testing of additional reservoir intervals has continued in an effort to optimise and increase field production. Four new locations have been approved and site construction has commenced with drilling on the first scheduled to begin in Q3 2013 using a contracted rig with continued ?back to back? drilling. As with the first four wells, the new well locations are based on reservoir concepts gained from the 3D seismic data interpretation with respect to structural and depositional geologic models. The technical data from the new wells and from ongoing reservoir studies has been incorporated into the 3D interpretation to yield a refined technical field model. Surface and borehole enhancements combined with scheduled maintenance and the installation of new lifting and other production equipment has continued with the aim of enhancing production from current producing wells.
In Q2 2013, gross production was 109,489 barrels of oil, an increase of 210% ascompared to the previous quarter of 35,322 barrels of oil, mainly contributed by the new well TMT 53.
Linda Sele TAC (Interra 100%)
The second well in the drilling programme based on the new 3D seismic data interpretation was completed as an oil well in Q2 2013. Additional reservoir zones are scheduled for testing in Q3 2013 with the aim of optimising and increasing production from this well. The two additional wells which have been approved for 2013 drilling will be postponed until 2014 so as to optimise the use of a contracted rig, especially with respect to the possibility of drilling more than two. Production optimisation works through surface and borehole enhancements, scheduled maintenance, and new lifting and other production equipment continued throughout Q2 2013.
In Q2 2013, gross production was 19,508 barrels of oil, an increase of 26% as compared to the previous quarter of 15,506 barrels of oil. There were three upliftings of approximately 17,512 barrels of oil during the quarter.
Kuala Pambuang PSC (Interra 49%)
The acquisition of the approximately 245 line kilometres of 2D seismic data is awaiting approvals from various government agencies. The seismic data will be acquired over the most prospective area of the block. The objective is to delineate the best location for a possible exploration well to test the hydrocarbon potential of this portion of the Pambuang Basin. Geologic studies continue over the block. (end of excerpt)