Pan Orient: Drilling of AYU-1X well slightly delayed

By Romel S. Gurky

Canadian firm Pan Orient said that the drilling schedule of the AYU-1X exploration well in the East Jabung PSC, Jambi Province, has been pushed back to the late in the second quarter (Q2) ending June of this year.

?The AYU-1X exploration well at the Anggun prospect of the East Jabung PSC is estimated to commence drilling late in the second quarter of 2017,? the company said in a statement Thursday.

Pan Orient, which holds a non-operating 49 percent interest in East Jabung PSC, said in March that drilling of the AYU-1X exploration well was scheduled for end of April. The Thursday statement did not provide reason for the slight delay.

The company said in the statement that preparations are underway for the drilling of the AYU-1X exploration well, pursuant to the terms of the 2015 farm-out agreement.

?The access road was completed in March and the first phase of rig mobilization started on May 8, 2017,? Pan Orient said.

The company added capital expenditures of US$0.7 million were allocated during the first quarter of 2017 related to seismic reprocessing at the East Jabung PSC.

Editing by Reiner Simanjuntak