Mitra completes 2D seismic survey in Bone PSC
Thursday, December 3 2015 - 02:41 AM WIB
Privately-held independent oil, gas exploration firm Mitra Energy Limited said that it has completed a 1,200 line kilometers 2D seismic survey in Bone PSC block, offshore Sulawesi, revealing a number of drilling targets in shallow water on trend with onshore fields.
?During Q1 (first quarter) 2015, Mitra acquired around 1,200 line kilometers of 2D seismic data. Processing of the data has been completed and has revealed a number of attractive drilling targets in shallow water, on trend with onshore fields,? Mitra said in a statement released on Monday.
Mitra holds a 60 percent operating interest in the Bone PSC Block, in partnership with Azimuth Indonesia Limited. The Bone PSC Block is undrilled, but is immediately adjacent to and on trend with proven gas accumulations on production in the onshore Sengkang PSC, operated by Energy World Corporation, which is currently building a LNG liquefaction export facility on the coastline immediately adjacent to Bone PSC, Mitra said.
Elsewhere, the company reiterated that a farm-out process has commenced with the aim of securing additional partners to fund the drilling of exploration wells from 2016 onwards.
Editing by Reiner Simanjuntak