Kisaran rig moves to new well site
Tuesday, July 2 2013 - 09:21 AM WIB
ASX-listed New Zealand Oil & Gas Ltd announced on Tuesday that the rig used to drill the Parit Minyak-2 (PM-2) exploration well, located in the Kisaran PSC onshore Sumatra, is being moved to the Parit Minyak-3 (PM-3) drill site.
Drilling at PM-3 is expected to begin before the end of July.
Meanwhile, fracture stimulation of the Pemantang 4 formation in the PM-2 well is scheduled for late August/September 2013.
New Zealand Oil & Gas Ltd has a 22.5 percent stake in the joint venture through the share ownership of its subsidiary NZOG Asia Pty Ltd in Pacific Oil & Gas (North Sumatra) Ltd.
The Kisaran Joint Venture partners are Pacific Oil & Gas (Kisaran) Ltd (55 percent and operator) and Pacific Oil & Gas (Sumatra) Inc (22.5 percent).
Editing by Dadan Wijaksana