Kalrez completes development of 18K-6 well in Bula PSC
Monday, June 2 2003 - 07:14 AM WIB
Australian listed oil company Kalrez Energy Limited announced Monday the completion of development the 18K-6 well as producer in Bula production sharing contract (PSC).
Kalrez said the well was currently producing approximately 10 barrels of oil per day on limited drawdown. "It is intended to increase drawdown further in coming weeks as the screen completion stabilizes, which should result in further increase in oil production rate,? the company said in a statement.
The 18K-6 well was supped on May 2 and is located in the Bula Tenggara region.
The company further said it would evaluate the well performance and review other development drilling options before undertaking further activity.
Kalrez is 100 percent interest holder and operator of the Bula PSC block on Seram Island, Maluku province. (robert)