Ophir interested in Kris Energy?s exploration block

By Febry Silaban

LSE-listed Ophir Energy plc has expressed interest to farm in the East Seruway PSC offshore Aceh, owned by SGX-listed upstream company Kris Energy, said an industrial source.

The source told Petromindo.com that the firm has officially asked for permission to enter the data room of the block.

Kris Energy has 100 percent interest in the block, which is located in water depth of 20-60 meters.

Six exploration wells have been drilled within the current boundaries of the East Seruway PSC. Of the six wells, one encountered gas and condensate, one tested gas and four failed to encounter hydrocarbons.

Following a 2,142 km 2D seismic acquisition program in 2010, work was suspended in the area pending the resolution of administrative issues between the Indonesian central government and the provincial authorities in Aceh province.

Work resumed on the contract area in late 2012 and 948 km 2D seismic data was acquired in February 2013.

Based on a review of geological and geophysical data, the company has identified and mapped 11 gas leads in the East Seruway PSC and plans to drill one exploration well in the second half 2014.

Editing by Johannes Simbolon