Medco says E. Java field production restart delayed to May

JSX-listed energy firm PT.Medco Energi Internasional Tbk. said production restart of Camar oil filed in Bawean PSC offshore East java might be delayed again to May this year due to ?technical problems?, a company official said.

Director Rashid Mangunkusumo in an interview last week did not give further detail. He said that the field would be producing 2,000 BPD at first stage.

The field was originally scheduled to recommence production February this year.

Bawean block, which is operated by Medco, had proven and probable reserves of 14.72MMBO. Camar field began production on January 2001 and had been stopped since August 2004 due to the absence of storage tanker at that site.

Aditya Mandala, a Medco official, said in March 2007 interview that Bawean partnership is planning to drill 3 more production wells within the next two years to increase production to 5,000 BPD.(denny)