Kalrez? well 22S-8A in Bula PSC flows oil

Monday, November 12 2001 - 03:52 AM WIB

Australian listed oil firm Kalrez Energy Limited announced Monday that flow testing following the well deepening of well 22S-8A in Bula field had flowed 49 degree API oil at a stabilized rate of approximately 162 barrels of oil per day.

The company said it planned to complete the well and place it on production immediately to further monitor reservoir performance.

Kalrez added that following the drilling completion in well 22S-8A ; the rig would then be moved to deepen well 31S-8.

Kalrez is the operator and 100 percent participant in Bula PSC, Maluku. (alex)

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