KrisEnergy begins drilling Bulu gas appraisal well in RI
Monday, April 22 2013 - 01:57 AM WIB
KrisEnergy Ltd, an independent upstream oil and gas company, announced on Monday that the Randolph Yost jack-up rig commenced drilling of the Lengo-2 appraisal well in the Bulu production sharing contract (PSC) in the East Java Sea, Indonesia.
The company said in a statement the Lengo-2 appraisal well is intended to delineate the Lengo gas discovery drilled in 2008. Lengo-2 is approximately 3.3 km south of the Lengo-1 discovery well and is expected to reach a total measured depth of 2,726 feet (831 meters) in approximately 22 days.
?Since KrisEnergy was established in 2009 we have been strategically building our portfolio of operated and non-operated assets along the entire exploration-to-production life cycle. Lengo-2 is the first well to drill under our operatorship and we have put great importance on the planning and execution of this well under a robust health, safety and environmental management system that of course follows international standards,? said Chris Gibson-Robinson, KrisEnergy?s Director of Exploration & Production.
The Bulu PSC covers 697 sq km in three separate areas ? Bulu A, Bulu B and Bulu C ? over the East Java Basin in water depths of 50 to 60 meters. KrisEnergy holds a 42.5 percent operated working interest in the Bulu PSC and is partnered by AWE Limited with 42.5 percent, PT Satria Energindo with 10% and PT Satria Wijayakusuma with 5 percent.
The Randolph Yost jack up rig is owned by Shelf Drilling Co. Subsequent to drilling of the Lengo-2 appraisal well, the rig will mobilise to the KrisEnergy operated Kutai PSC where it will drill the Tayum-1 exploration well.
Editing by Reiner Simanjuntak