NZOG: Testing to commence in PM-3 well at Kisaran PSC
Monday, September 30 2013 - 12:58 AM WIB
ASX-listed New Zealand Oil and Gas Ltd (NZOG) said that preparations were underway to begin flow testing in the Parit Minyak-3 (PM-3) well located in the Kisaran PSC in onshore Sumatra.
NZOG said in a statement obtained Monday that based on wireline logging results, up to two drill stem tests (DSTs) will be conducted. The first will be an open hole test over a gross interval of 246 feet, the second will be 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 statement said.
The well has been drilled to a total depth (TD) of 8,760 feet (2,670 meters), it added.
NZOG has a 22.5 percent stake in the joint venture through its subsidiary NZOG Asia Pty Ltd. The Kisaran Joint Venture partners are Pacific Oil & Gas (55 percent and Operator), and Pacific Oil & Gas (Sumatera) Ltd, a subsidiary of Bukit Energy Inc. (22.5 per cent).
Drilling at PM-3 well started in early August. The company said in a statement August 5 that it hoped that the PM-3 well would encounter extensive oil accumulations after the PM-1 and PM-2 wells confirmed an active petroleum system in the region.
Editing by Reiner Simanjuntak