Pabuaran field makes first oil production
Wednesday, November 9 2016 - 02:48 AM WIB
SGX-listed IEV Holdings Limited announced Tuesday production of first oil from the Pabuaran field had commenced on October 30, from the CLS-1TW well in Cilamaya Structure, onshore West Java.
The company said in a statement that it has started the production trial from interval 2,018 ? 2,022 meters of CLS1-TW well and produced a cumulative 625 barrels between October 30 and November 7, 2016 by natural flow.
Crude oil produced is transported from the field by truck to Balongan Refinery of Indonesian state-owned oil and gas firm PT Pertamina in line with the oil lifting procedures stated in the mutual agreement with Pertamina.
IEV said it plans to install a completion string to produce high pour point oil from the well for a period of time and then sidetrack to an updip location at the crest to prevent oil water contact (OWC) and reach a target production rate of approximately 350 bopd.
The onshore project was awarded by Pertamina EP, a subsidiary of PT Pertamina, for the Pabuaran Block on Feb. 16, 2012 through the Kerjasama Operasi (KSO) also known as the "Operation Cooperation" program. The block is located 90 km east of Jakarta in the Subang district, West Java, Indonesia with a total acreage of about 77.036 square km.
Editing by Reiner Simanjuntak