MEO gets rig, on schedule to drill Gurame SE-IX
Wednesday, September 19 2012 - 02:10 AM WIB
Australia-listed firm MEO Australia Limited said that its Indonesian subsidiary Seruway Offshore Exploration Limited (SOEL) has received handover of the Hercules #208 jack-up drilling rig on Tuesday, paving the way for the company to drill the Gurame SE-IX as scheduled around September 22.
The drilling of the Gurame SE-IX well within the Seruway PSC in North Sumatra is scheduled to take 35 days to complete on an untested basis, MEO said in a statement on Thursday.
The company said that the Gurame oil and gas discovery has been delineated by six wells, several of which recovered oil from the two target horizons. A modern transition zone 3D seismic survey was acquired by the previous operator, however no wells have drilled the deeper targets using this data.
MEO selected the Gurame SE-1X location as the lowest risk, drill-ready candidate with the highest probability of advancing the resource towards commercial development. The well will test the two target reservoirs within a structural closure that is substantially higher than where oil samples were recovered in previous wells.
MEO expects the target reservoirs at this location to be naturally fractured and gas bearing, a combination which should enhance the potential to achieve a commercial flow rate.
Editing by Reiner Simanjuntak