Pan Orient appoints new chief operating officer
Wednesday, January 23 2013 - 01:13 AM WIB
Pan Orient Energy Corp. (Pan Orient) announced on Tuesday that it had appointed Edward Bush as its chief operating officer based in Jakarta, Indonesia.
Pan Orient is a Calgary, Alberta based oil and gas exploration and production company with operations located onshore Thailand, Indonesia and in Western Canada.
The company said in a press statement that Bush had over 30 years of oil & gas industry experience in both international and North American operations.
He has worked for several major and independent oil and gas companies in various senior level positions involved primarily with drilling and operations, and in numerous international locations and the Gulf of Mexico.
He was Pan Orient's Thailand Drilling Manager from 2007 to 2010 and Pan Orient's General Manager in Thailand from 2010 until January 2012. He is rejoining Pan Orient after spending one year as a country manager with a larger international oil and gas company.
In connection with his appointment, Bush has conducted a thorough review of all Pan Orient's Indonesia drilling operations including, but not limited to, equipment and personnel. As part of this review, the recommendation has been made to immediately suspend the Cataka-1A well and release the current drilling contractor.
Cataka-1A in Citarum PSC?operated by Pan Orient with 97 percent working interest, has been drilled to a measured depth of 1,692 feet (true vertical depth of 1,636 feet) and has been cased with 13 3/8 " casing.
The company is currently in negotiations with an established operator for a 1000 horsepower drilling rig. The re-entry of the Cataka-1A well will incorporate new equipment, contractors and personnel.
The drilling of Shinta-1, the first of three back-to-back appraisal / exploration wells is anticipated to commence in late January to early February 2013. Shinta-1 is located in Batu Gajah PSC, which is operated by Pan Orient with 77 percent working interest.
In addition to Shinta-1, Buana-1, an appraisal to the NTO-1 gas discovery, and Kemala-1, an exploration prospect, will be drilled.
The drilling contract has been finalized for signature, and a notice to commence mobilization to Shinta-1 has been issued. All location and access road construction is on schedule.
Editing by Benget Besalicto Tnb.