Interra starts S. Sumatra oilfield infill drilling

Singapore-based oil company Interra Resources Limited said Monday it had commenced infill well drilling in Tanjung Miring Timur technical assistance contract (TAC) area onshore South Sumatra.

TMT-48 well is part of a 3-well infill development program, which is anticipated to be completed in mid 2007. The total cost of the 3 wells as completed producers is estimated to be US$3.7 million. The TMT-48 well is planned to be drilled to approximately 1,160 metres.

Interra owns a 70% interest in Tanjung Miring. The owner of the remaining 30% and operator of the field is PT Retco Prima Energi.

Tanjung Miring is currently producing in excess of 700 barrels of oil per day from approximately 28 wells. Production is from multiple zones within two formations ? the deeper Talang Akar sandstones and the overlying Baturaja limestones. (denny)