Interra updates Indonesian operation
Friday, April 26 2013 - 01:44 AM WIB
Tanjung Miring Timur TAC (Interra 100%)
During the quarter, the drilling phase of the first group of four development wells drilled based upon the new 3D seismic data interpretation was completed. All are in various stages of testing to optimise production and one of them, namely TMT-53, marked a significant milestone with an initial production flow rate of 1,422 barrels of oil per day.
TMT-53 was designed to test new reservoir concepts gained from the 3D seismic data interpretation and subsequent interpretation based on technical reservoir and deposition models. Results from these wells will be incorporated into studies and models with respect to using the 3D seismic data to determine reservoir properties and optimise future locations. Four additional wells have been approved by the government agency for drilling in 2013.
Surface and borehole enhancements combined with scheduled maintenance and new lifting and other production equipment continued with the aim of enhancing production from current producing wells.
In Q1 2013, gross production was 35,322 barrels of oil, an increase of 38% as compared to the previous quarter of 25,555 barrels of oil.
Linda Sele TAC (Interra 100%)
The first well in the drilling programme based on the new 3D seismic data interpretation finished drilling in Q1 2013 and is to be completed as an oil well after the current production testing to optimise production rates. The second well commenced drilling during the quarter and recently reached total depth with testing to begin soon. Two additional wells have been approved for 2013 drilling by the government agency.
In Q1 2013, gross production was 15,506 barrels of oil, a slight increase compared to the previous quarter of 15,283 barrels of oil. There were three upliftings of approximately 18,657 barrels of oil during the quarter.
Kuala Pambuang PSC (Interra 49%)
Preliminary work by the Company and the contracted seismic crew with respect to the acquisition of approximately 245 line kilometres of 2D seismic data continued. The seismic data will be acquired over the most prospective area of the block. Commencement of the field work relating to the actual seismic survey is now scheduled for Q2 2013 and 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)