NuEnergy: Drilling of exploratory wells in Rengat PSC completed
Friday, January 29 2016 - 03:10 AM WIB
ASX-listed NuEnergy Gas Limited said Friday that drilling of exploratory wells, RE-03, RE-04, and RE-05, at the Rengat PSC located in Central Sumatra, has been successfully completed to the targeted depth.
?Further geological and geophysical studies to complement existing data will be conducted to identify and map coal continuity across the basin and to understand the reservoir characteristics for further development,? the company said in a statement.
In addition, the Indonesian regulatory authority, SKK Migas has granted a one-time extension of the Exploration Period to a maximum period of four years to November 29, 2019.
The Rengat PSC covers 2,395km2 of Central Sumatra basin and lies in-between prolific oil and gas concessions (located in the Central Sumatra basin within the vicinity of a major gas pipeline from Jakarta to the Chevron Duri Steam Flood project and related infrastructure). NuEnergy has a 100 percent working interest in the Rengat PSC and is the operator of the PSC.
Editing by Reiner Simanjuntak