NuEnergy to drill second CBM well at Muara Enim
Monday, January 16 2012 - 05:59 AM WIB
NuEnergy, an ASX-listed energy company, is currently preparing to move to the second Muara Enim drill site located 5 kilometers to the west and plans to drill to a depth of 1.000 meters.
The move follows the latest drilling results at the previous well, which are consistent with the estimates for prospective gas-in-place provided by PT Trias Energy Perkasa and RISC. Together with Netherland Sewell and Associates Incorporated (NSAI), NuEnergy plan to generate an independent report confirming the prospective and contingent gas resources in its Muara Enim CBM concession.
A media statement says that after the completion of the second Muara Enim well, NuEnergy will also consider fast-tracking the extraction process by drilling a pilot production well to be completed in 2012.
Muara Enim PSC is operated by the wholly owned subsidiary of NuEnergy, PT Trisula CBM Energi. NuEnergy?s joint venture partner under the PSC is state oil and gas company PT Pertamina (60%).
Editing by Dadan Wijaksana
