New Zealand Oil & Gas updates Indonesian ops
Thursday, October 29 2015 - 02:05 AM WIB
Sampang PSC, East Java
The Sampang PSC well workover programme to increase production and extend field life has concluded. Work to install onshore gas compression at the Grati gas plant has been completed and all three compressors are fully functional. Compression capacity has resulted in increased deliverability from Wortel. The Oyong oil and gas field is also now benefitting from an amendment to the existing gas contract, which included a significant price increase and became effectivein July.
15% Cue Energy, 45% Santos Sampang Pte Ltd. (Operator) and 40% Singapore Petroleum Company
MNK Kisaran PSC, Nort Sumatra
The Production Sharing Contract relates to an unconventional resource in the Kisaran PSC area.
Technical work including preliminary data analysis, geological and geophysical studies is underway.
11.25% New Zealand Oil & Gas, 33.75% Bukit Energy and 55% Pacific Oil & Gas (Operator)
Palmerah Baru PSC, South Sumatra
Data interpretation has high-graded eight promising leads. The operator is targeting a seismic programme for late 2016 to analyse these leads in more detail.
36% New Zealand Oil & Gas, 54% Bukit Energy Palmerah Baru (Operator) and 10% PT SNP Indonesia
MNK Palmerah PSC, South Sumatra
The Production Sharing Contract relates to an unconventional resource in the Palmerah Baru PSC area. Planning is underway to progress the technical work programme.
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 and 3% Glory Wealth Pacific Limited
Bohorok PSC, Nort Sumatra
A 205 square-kilometre seismic survey over the PSC was completed in 2014 and the joint venture has high-graded a gas condensate prospect to drillable status.
The joint venture is in farm out discussions with interested parties.
45% New Zealand Oil & Gas, 45% Bukit Energy (Operator) and 10% Surya Buana Lestarijaya Bohorok
Kisaran PSC, Nort Sumatra
The joint venture is continuing to assess development options.
22.5% New Zealand Oil & Gas, 55% Pacific Oil & Gas (Operator) and 22.5% Bukit Energy
Mahato PSC, Central Sumatra
Multiple appraisal and exploration opportunities have been mapped and two wells are currently planned for 2016.
A 2D seismic programme to high-grade further exploration prospects is also planned for late 2015 or early 2016.
12.5% Cue Energy, 62.5% Texcal Mahato EP Ltd. (Operator) and 25% Bukit Energy Central Sumatra(Mahato) Pte Ltd.
Mahakam Hilir PSC, East Kalimantan
SPC Mahakam Hilir Pte Ltd. (Operator) Extensive field mapping in the block has helped identify a final location for the Naga Selatan-2 well. Well planning is progressing, with the construction of the drilling pad and access roads now underway.
A final well proposal will be submitted to SKKMIGAS for approval to drill in early January 2016.
100% Cue Energy (Operator)
MNK Bohorok Joint Study Agreement
The joint study of the unconventional resource potential in the Bohorok PSC is progressing well. The study is expected to be completed in late 2015.
20.25% New Zealand Oil & Gas, 55% Lion Energy (Operator), 20.25%Bukit Energy and 4.5% Surya Buana Lestarijaya Bohorok. (end of excerpt)