KrisEnergy begins 2D seismic acquisition in West Papua
Wednesday, January 28 2015 - 07:20 AM WIB
SGX-listed KrisEnergy Ltd., an independent upstream oil and gas company, announced on Wednesday that a 300 km 2D seismic acquisition program has commenced recording in the Udan Emas production sharing contract (PSC), onshore West Papua.
The data acquisition program, which was awarded to PT. Quest Geophysical Asia, forms part of the work obligations under the PSC. The program is expected to last four months. The Company also plans to undertake airborne gravity and magnetic surveys in the block, which covers 5,400 sq. km over the Bintuni Basin, a proven prolific gas province containing several multiple-trillion-cubic-feet gas discoveries.
?We have been working with the local communities in the area to explain our activities and respond to any concerns for more than 18 months before seismic recording began and we will continue to do so as the survey progresses,? said Chris Gibson-Robinson, the company?s director of exploration and production.
KrisEnergy holds a 100 percent working interest and operatorship of the Udan Emas PSC, onshore West Papua.
Editing by Benget Besalicto ST