Medco P&A Rimau block exploration well
Friday, March 12 2010 - 02:35 AM WIB
IDX-listed energy firm PT Medco Energi Internasional Tbk reported on Thursday that it had plugged and abandoned Raut-1 exploration well in Rimau PSC onshore South Sumatra.
The well, which was spudded in January 2010, was drilled to the planned total depth of 3,000 feet by the end of February.
The well was plugged and abandoned after the Company failed to find result from the well. It said it would conduct further study based on the interpretation of wireline logging before conducting the next well testing.
Medco has 95 percent stake in Rimau block. (alex)