Pearl to step up Indonesian drilling program
Thursday, November 13 2008 - 09:00 AM WIB
According to Senior Exploration Gadjah E. Pireno, the company plans to drill 5 exploration wells and one contingent wells; which consisted of 2 wells in Bulu PSC offshore East Java, 1 well in the newly awarded East Muriah PSC, also off East Java, 1 well in Karana PSC and 1 contingent well in Sebuku PSC, both are located off East Kalimantan and one in Tungkal PSC, onshore Jambi.
Gadjah said that the company will also drill 16 development wells in Tungkal to increase production from below 1,000 BOPD currently to 3,000 BPD in 2009.
In 2008, the company drilled only 2 exploration wells in Indonesia.
Gadjah added that Pearl is planning to further expand its Indonesian portfolio by acquiring new blocks off East Java. Pearl will bid an East Java block which is currently on tender through direct offer mechanism and is currently submitting proposal to conduct joint study off East Java, he said.
Apart from East Muria block, Pearl is also awarded Kerapu block offshore Natuna. (alex)
Pearl's operation blocks in Indonesia
| Contract Area | Pearl Interest (%) | Operator | Exploration | Development | Production |
| Bulu | 42.5 | x | x | ||
| Karana | 100 | x | x | ||
| Salawati Basin | 34.05 | x | x | x | |
| Salawati Island | 18.70 | x | x | x | |
| Sebuku | 100 | x | x | x | |
| Sibaru | 40 | x | |||
| Tungkal | 70 | x | x | x | x |
| West Salawati | 50.01 | x | x | ||
| Kerapu (newly acquired) | x | ||||
| East Muriah (newly acquired) | x |