Kris Energy outlines Indonesia drilling program
Monday, March 10 2014 - 01:21 AM WIB
SGX-listed independent upstream oil and gas firm Kris Energy Limited plans to drill one exploration well and two appraisal wells in Indonesia in 2014.
According to presentation filed with the SGX on Friday, the company will drill exploration well in East Seruway offshore North Sumatra in the fourth quarter of this year.
The company has 100 percent interest in the block and plans to farm out interest after drilling.
Kris will also drill one appraisal well in East Muriah PSC offshore East Java in the third quarter and one contingent well in Kutai PSC on/offshore East Kalimantan. Kris Energy is the operator of both blocks.
This year, the company is also planning to carry out seismic acquisition at Sakti PSC offshore East Java (1,200 km 2D and 400 sq km 3D), Tanjung Aru PSC offshore East Kalimantan (500 sq km 3D) and Udan Emas PSC onshore Papua ( 300 km 2D seismic). Kris Energy is the operator of all the blocks.
Editing by Reiner Simanjuntak