Mirach Energy commences drilling program in South Sumatra
Tuesday, August 13 2013 - 01:31 AM WIB
SGX-listed Mirach Energy said it has commenced drilling program of new infill wells in South Sumatra, with the spudding of the first well, KM-607, on August 9.
?Our drilling team has since drilled the first section of the well down to a depth of 122 yards,? the company said in a statement obtained Monday.
?The targeted drilled depth is 450 meters and is expected to be completed in two weeks. The results will be unwrap drilled accordingly,? the statement added.
As previously announced on July 24, Mirach plans to start drilling another four new infill wells at Kampung Minyak field in South Sumatra which form part of the nine wells that will be drilled this year.
The company said the first two wells to be drilled were KM-607 and KM-611.The drilling depth ranges from 450 meters to 500 meters, with production expected from 3 to 5 major oil zones with a total thickness of 18 meters to 36 meters in each well, it said in a filing.
PT Daqing Jaya (a unit of PetroChina group) has been awarded the drilling services contract while PT Henan (a unit of Sinopec) is contracted to provide mud logging.
Mirach Energy has signed a Joint Operation Agreement for the field, which grants Mirach the rights to conduct development and production activities for the next 15 years.
Under the deal, Mirach is also awarded operatorship of the Kampung Minyak field, an area covering about 45 sq kms.
Editing by Reiner Simanjuntak