NZOG completes first open hole DST
Monday, October 7 2013 - 06:07 AM WIB
ASX-listed New Zealand Oil and Gas Ltd (NZOG) announced on Monday it had completed the first open hole Drill Stem Test (DST) over a gross interval of 246 feet in the Parit Minyak-3 (PM-3) well located in the Kisaran PSC in onshore Sumatra.
NZ Oil & Gas is currently waiting for regulatory approval to release testing results.
Preparations are being made for a second DST in cased hole over a gross interval of 62 feet. Depending on the types of fluids and rates of flow, this testing program could take 15-20 days, the firm said in a statement.
The well has been drilled to a total depth (TD) of 8760 feet (2670 meters).
New Zealand Oil & Gas Ltd has a 22.5 per cent stake in the joint venture through its subsidiary NZOG Asia Pty Ltd.
The Kisaran Joint Venture partners are Pacific Oil & Gas (55 per cent and Operator) and Pacific Oil & Gas (Sumatera) Ltd, a subsidiary of Bukit Energy Inc. (22.5 per cent).
Editing by Johannes Simbolon