Mirach receives report on Kampung Minyak from Elnusa
Saturday, October 18 2014 - 02:45 AM WIB
SGX-listed Mirach Energy announced on Friday that its subsidiary, Prisma Kampung Minyak Limited has received a third party Petrophysics Report from PT Elnusa TBK, for its KM13A (or KM612) open-hole well log.
PT Elnusa TBK is the only Indonesia state company that possesses combined competencies in oil and gas services including seismic, drilling and oilfield services, in compliance with global standards in work safety and environment.
The report interpreted 3 oil reservoirs and 4 gas reservoirs. In the developed Muara Enim Formation, oil reservoir thickness aggregated 7.2 meters. Sudan-6 at around 330 meters is interpreted as the layer with the greatest potential, recording sandstone reservoir thickness 4.6m. In the same formation, two coal bed methane (CBM) reservoirs aggregating 20.8 meters are detected at around depth of 220 meters.
In the Air Benakat Formation, there are 13 oil layers with total 58.6 meters of oil sand. The interpretation shows great potential in S10A and S13 layers at around 630 meters and 960 meters respectively, which tested a total sandstone reservoir thickness of 20 meters. In addition, 2 gas zones with 15 meters thickness at around depth of 460 meters and 700 meters are recorded as well.
?We are pleased that the interpretation from PT Elnusa TBK is in line with the Company?s technical team. The Company has high hopes for the final certified original oil in place (OOIP) in the KM Deep area, which will be certified in the final year report. Production in the area will commence soon, with perforating set to be conducted next week. The Company will provide updates of the production results for 13A once it stabilizes.
Editing by Johannes Simbolon