KrisEnergy to drill three wells next year
Monday, June 9 2014 - 04:24 AM WIB
KrisEnergy (East Muriah) Ltd, a subsidiary of SGX-listed KrisEnergy Ltd, plans to drill three offshore exploration wells in the first quarter of next year.
According to a tender announcement made by the company on June 6, the three wells are located in the East Muriah Block, East Java; East Seruway Block, North Sumatra; and Kutai Block, East Kalimantan.
The company was conducting tender for drilling personnel and technical consultancy services to support KrisEnergy?s and affiliates for the upcoming drilling activities.
The East Muriah PSC covers an area of 3,751 sq km offshore East Java where water depths in the East Java Sea are between 50 and 65 meters.
KrisEnergy agreed to acquire a 50 percent working interest and operatorship in the East Muriah PSC in October 2011, the transaction of which was approved effective 25 September 2012. AWE Ltd holds the balance 50 percent working interest in the East Muriah PSC.
The East Seruway PSC covers 4,406 sq km in the offshore North Sumatra Basin and is adjacent to the Glagah-Kambuna TAC. KrisEnergy acquired 100 percent working interest in East Seruway and operatorship for the block in October 2011.
The Kutai PSC comprises one onshore and four offshore areas in the Mahakam River delta in East Kalimantan. The PSC covers 1,533 sq km with some areas in water depths of up to 200 meters.
KrisEnergy acquired a 24.6 percent non-operated working interest in the Kutai PSC in January 2010. In October 2011, KrisEnergy increased its working interest to 54.6 percent and took over operatorship of the block. Salamander Energy holds a 23.4 percent working interest and Orchid Kutai Ltd has 22 percent.
Editing by Reiner Simanjuntak