Interra Resources updates Indonesian operation
Tuesday, February 4 2014 - 10:29 AM WIB
Production Activities
Tanjung Miring Timur TAC, South Sumatra (Interra 100%)
In Q4 2013, gross production was 71,189 barrels of oil, a decrease of 13% as compared to the previous quarter of 81,828 barrels of oil. This is due to the natural production decline of new wells and the result of bad weather which hindered the servicing of wells.
Two new wells commenced drilling in Q4 2013, one of which was completed during the quarter at 650 barrels of oil per day and the other currently undergoing formation evaluation and testing. Following the success of the initial four-well programme which began in Q4 2012, these are the second and third of the additional four new wells drilled back to back using a contracted rig.
In 2013, seven new wells were drilled with five completed as oil producers and two currently undergoing testing. All the new wells are a continuation of drilling new, prospective locations that are based on technical reservoir concepts gained from 3D seismic data interpretation. Production and reservoirs studies continue both internally and employing outside specialists.
Surface and borehole enhancements combined with scheduled maintenance and the installation of new lifting and other production equipment continue with the aim of enhancing production from current producing wells.
Linda Sele TAC, West Papua (Interra 100%)
In Q4 2013, gross production was 18,091 barrels of oil, a decrease of 8% as compared to the previous quarter of 19,563 barrels of oil. There were three upliftings of approximately 17,708 barrels of oil during the quarter.
Detailed 3D seismic data interpretation and reservoir studies are nearing completion in Q4 2013 and have given a very optimistic interpretation of the Linda field reef structure. Of importance is the new interpretation which describes a much larger continuous area as compared to the pre-3D mapping that can potentially support numerous development wells.
Likewise at the Sele field, the reef characteristics are more completely imaged now in the primary target reservoir and, in addition, a shallower objective covering a large area has been mapped. Planning for potential new wells based on the new interpretation is ongoing.
Exploration Activities
Kuala Pambuang PSC, Central Kalimantan (Interra 49%)
Continuing delays in receiving necessary approvals from various government agencies has resulted in the further delay in the acquisition of the approximately 245 line kilometres of 2D seismic data. The seismic acquisition is essential in order to delineate the best location for a possible exploration well to test the hydrocarbon potential of this portion of the Pambuang Basin. Geologic, geophysical and reservoir studies continued over the block. (end of excerpt)