Mirach plans hydro-injecting program at Kampung Minyak in Q3
Monday, March 2 2015 - 01:49 AM WIB
SGX-listed Mirach Energy Ltd said that it plans to start hydro-injecting pilot program trials at KM604 within the Kampung Minyak oil field in South Sumatra in the third quarter of this year in a bit to optimize production.
The company said in a statement last week that in the fourth quarter of 2014, the total lifting of crude oil was 12,644 barrels and total incremental oil production amounted to 7,478 barrels. Daily lifting increased from average of 108 barrels in the nine-month period of 2014 to an average of 139 barrels in the fourth quarter of 2014.
This was due to the use of crane service for basic well services such as the tightening of staffing box and the changing rod pumps, it explained.
?Currently, the KM?s team strategy is to enhance the production in the oilfield with minimum re-activity costs, thus improving the incremental contribution from the oil field. This has been proven successful from November 2014 to January 2015,? the company said.
Mirach Energy is licensed to produce oil at the Kampung Minyak Field in South Sumatra, for 15 years under a KSO (Joint Operation Agreement) with Indonesian state-owned oil and gas firm PT Pertamina. The field covers 45 square kilometers with 65 million barrels of OOIP mainly located in the reservoir formation between 200-500 meters. The company is partnering one of the most successful EOR firm in Asia, Daqing Enterprise International, a subsidiary of PetroChina Daqing Oilfield Company Limited, to rejuvenate the field and enhance production rates.
Editing by Reiner Simanjuntak