Kalrez to spud another well in Bula PSC
Friday, May 2 2003 - 02:33 AM WIB
Australian listed oil company Kalrez Energy Limited said Friday its wholly owned subsidiary Kalrez Petroleum (Seram) Ltd had received formal approval to commence drilling of commitment development well 18K-6 in Bula production sharing contract (PSC).
The well is located in the Bula Tenggara field, in Seram Island area of Maluku Province.
Kalrez said it was presently mobilizing Rig 482 to the location in preparation for spudding. ?Spudding should occur later today (Friday),? said Kalrez in a statement.
The company said the well was the second commitment well drilled in 2003 and follows on from production well 89K-5 drilled in January this year.
According to Kalrez, proposed total depth of the well was 260 meters and it was expected to take 10 - 14 days to complete.
Kalrez is 100 percent interest holder and operator of the Bula block. (robert)