NuEnergy starts drilling program in Muara Enim II PSC
Wednesday, March 15 2017 - 04:51 AM WIB
ASX-listed NuEnergy Gas Ltd said on Wednesday it has started drilling program at Muara Enim II PSC, in South Sumatra, covering three production wells.
The program is expected to fulfil the requirement for an application of the Exploration Period extension that will end on March 31, 2017, the company said.
?While enabling the application of the Exploration Period extension, the program will assist with reservoir characterization of the coal seams towards the western part of Muara Enim II PSC and confirm the coal continuity throughout the other NuEnergy South Sumatra PSCs for future integrated development,? the firm said in an update statement.
NuEnergy?s PSCs in South Sumatra cover a total area of 2,280 m2 (after full relinquishment under the terms of the PSC) and are situated in the most prolific Coal Bed Methane basin in Indonesia with existing gas pipelines infrastructure nearby.
Editing by Reiner Simanjuntak