Kalrez? N. Maluku development well flows oil

Australian oil firm Kalrez Energy Limited said Monday that its development well 19K-6 in Bula production sharing contract block, North Maluku flowed oil at an average of 135 barrels of oil per day (BOPD) with a 22 percent water cut.

Kalrez said oil gravity was 21.1 degrees API.

Kalrez said the flow rate of this well greatly exceeded the forecast flow rate of 20 BOPD for each new development well drilled in this current development drilling program for its financial modeling.

According to company?s statement, the drilling rig is rigging down to move to next location and as soon as the rig is off location 19K-6, the well will be tied into the production facility and put on production.

The well should be online no later than Wednesday September 5, 2001, said Kalrez.

The rig will now move to location 1K-8 located approximately 200 meters updip from 19K-6. A similar section of productive interval is expected to be encountered in this next well. (alex)