Kodeco to drill 41 wells
Monday, March 21 2011 - 08:43 AM WIB
South Korean company Kodeco Energy will drill 41 wells in West Madura off-shore block, East Java, including 9 exploration wells, this year.
Spokesman with the upstream oil and gas regulator (BPMIGAS), Gde Pradnyana, said the company was offering a tender for procurement of drilling service.
The drilling works are expected to start in mid-year.
The government has agreed to extend the contract of West Madura PSC, which will expire this year, for another 20 years.
Currently the block produces 15,000 BPD of oil.(Bernard)