NZOG: Kisaran PSC operations update
Monday, February 25 2013 - 01:04 AM WIB
(25 February 2013)-- New Zealand Oil & Gas (NZOG) advises that as at 11.00AM Sunday 24 February (NZT), the following operations were completed at exploration well Parit Minyak-2 (PM-2), located in the Kisaran PSC in onshore Sumatra, Indonesia :
? The well has been drilled to 1809 feet (551 m).
During most of the last week the drill was not operating while waiting on a replacement gearbox for a mud pump.
The well has an expected total depth of 9000 feet (2743M). The first of several drilling targets is a Pliocene Fan at approximately 5772 feet (1744M).
New Zealand Oil & Gas Ltd has a 22.5% stake in the joint venture through the, share ownership of its subsidiary NZOG Asia Pty Ltd in Pacific Oil & Gas (North Sumatera) Ltd.
The Kisaran Joint Venture partners are Pacific Oil & Gas (Kisaran) Ltd (55 per cent and operator) and Pacific Oil & Gas (Sumatera) Inc. (22.5 per cent). (ends)