New Zealand Oil & Gas updates Indonesian ops
Thursday, July 30 2015 - 04:58 AM WIB
Palmerah Baru PSC, South Sumatra
Data interpretation has high-graded eight promising leads. These will be analysed in more detail via new 3D and 2D seismic data, which will be acquired in conjunction with a micro-seepage geochemical survey designed to provide an enhanced view of prospectivity. Planning is underway for a 220-sample geochemical survey with acquisition expected in the first quarter of 2016.
Acquisition of the 100-square kilometre 3D survey in the north east of the permit, and the 150 kilometre 2D survey in the south and west of the permit, is targeted for 2016.
The operator is targeting an exploration well for late 2016 or in 2017.
36% New Zealand Oil & Gas; 54% Bukit Energy Palmerah Baru (Operator); 10% PT SNP Indonesia
MNK Palmerah PSC, South Sumatra
The joint venture was awarded the MNK Palmerah PSC by the government regulator with formal signing of the production sharing contract in May 2015.
The Production Sharing Contract relates to an unconventional resource in the Palmerah Baru PSC area. The work programme includes technical studies in year one, 2D seismic in year two and a well in year three.
15.84% New Zealand Oil & Gas; 69.36% Bukit Energy Resources; Palmerah Deep Pte Ltd (Operator); 8.8 % PT SNP Indonesia ? Bumi Perdana Energy Limited; 3% Bumi Perdana Energy Limited; 3% Glory Wealth Pacific Limited
Kisaran PSC, Nort Sumatra
A Plan of Development was approved by the regulator in May. The joint venture is now finalising development plans.
22.5% New Zealand Oil & Gas; 55% Pacific Oil & Gas (Operator); 22.5% Bukit Energy
MNK Kisaran PSC, Nort Sumatra
The joint venture was awarded the MNK Kisaran PSC by the government regulator last year, with formal signing of the production sharing contract in May 2015. The Production Sharing Contract relates to unconventional resource in the Kisaran PSC area.
11.25% New Zealand Oil & Gas; 33.75% Bukit Energy; 55% Pacific Oil & Gas (Operator)
Bohorok PSC, Nort Sumatra
A 205-square kilometre seismic survey over the PSC was completed in 2014 and the joint venture has highgraded a gas condensate prospect to drillable status.
Well planning is underway with an exploration well aimed for the first quarter of 2016.
Farmout discussions are underway in parallel with interested parties. The proposed drill location is close to both gas infrastructure and to a robust gas market.
45% New Zealand Oil & Gas; 45% Bukit Energy (Operator); 10% Surya Buana Lestarijaya Bohorok
MNK Bohorok Joint Study Agreement, Nort Sumatra
The government regulator has approved a Joint Study Agreement investigating the unconventional resource potential in the Bohorok PSC area.
20.25% New Zealand Oil & Gas; 55% Lion Energy (Operator); 20.25% Bukit Energy; 4.5% Surya Buana Lestarijaya Bohorok
Sampang PSC, East Java
The Sampang PSC is located in the Madura Straight offshore Madura Island in East Java, Indonesia. It is composed of two producing fields: Oyong oil and gas field and Wortel gas field.
Gas produced from Oyong is transported via a 60 kilometre pipeline to the Grati Onshore Gas Facility and sold to PT Indonesia. Oil is piped to a Floating Storage and Offloading (FSO) vessel for storage and export.
Oil production from the Oyong field commenced in 2007, followed by gas production in 2009. The oil field is in natural decline and a programme of well interventions and recompletions is currently underway. The planned workovers are expected to increase Oyong oil production and extend field life for an additional one to two years until 2017.
Wortel gas production commenced in 2012. Gas is transported through a 7 kilometre pipeline to the Oyong platform then piped to onshore facilities.
The joint venture is investigating the potential for development of the Jeruk oilfield, which is technically challenging due to high formation pressures, fractured reservoirs and impurities in the hydrocarbons. The main technical issues to be resolved are the range of uncertainty in the size of the accumulation and the connectivity of the fracture network which will control the quantity of oil which may be recovered by each well and the flow rates that can be achieved.
15% Cue Energy; 45% Santos Sampang Pte Ltd. (Operator); 40% Singapore Petroleum Company
Mahato PSC, Central Sumatra
Cue farmed in to Mahato in November 2014. The 5,600-square kilometre Mahato PSC is located in the Central Sumatra basin close to several producing oil fields. Multiple appraisal and exploration opportunities have been mapped and two wells are currently planned. A 2D seismic programme to high-grade further exploration prospects is also planned.
12.5% Cue Energy; 62.5% Texcal Mahato EP Ltd. (Operator); 25% Bukit Energy Central Sumatra (Mahato) Pte Ltd
Mahakam Hilir PSC, East Kalimantan
The Mahakam Hilir PSC is in the prolific Kutei Basin onshore Kalimantan, Indonesia. Cue has a commitment well in the PSC and has identified a prospect, Naga Selatan-2 (Southern Dragon). This oil prospect lies along trend with the Nangka oil field and the Pelarang South oil discovery. Additional exploration objectives have also been identified on the existing seismic data. Drilling programme preparations have commenced and the well is planned for late 2015.
100% Cue Energy (Operator) (end of excerpt)