Medco to soon spud Telaga-1 well in Madura JOB

Australian listed oil company CityView Corporation Limited said Wednesday its joint venture partner and the operator of Madura joint operation block (JOB) onshore Madura, East Java, PT Medco Energi International, was anticipated to spud-in the Telaga-1 well on that day.

?The Operator confirms that it has completed driving the 30-inch conductor to 71 ft RKB. The hammer has been rigged, down and the Top-Drive rigged up,? CityView said in a statement, adding that the Top Drive was presently undergoing function testing.

The Telaga-1 well was planned to drill at a total depth of 10,200 feet.

CityView said the Operator is presently waiting for MIGAS (Directorate General of Oil and Gas) inspection and authorization to commence drilling.

Madura JOB is located in East Java province. State oil and gas firm Pertamina has 35 percent interest in the block, while CityView, Medco and Falcon Oil Pte. Ltd holds 16.25 percent, 24.75 percent and 24 percent, respectively. (robert)