Petrogas extends discovery in Kepala Burung PSC
Monday, January 21 2013 - 11:13 AM WIB
Singapore Exchange-listed RH Petrogas Limited said that its wholly owned subsidiaries Petrogas Basin Ltd (PBL) and RHP Salawati Basin B.V. (RHPSB), have drilled the North Klalin-3 appraisal well in Kepala Burung PSC, West Papua and encountered 93 feet of total net pay.
Recent tests conducted on the well produced a total rate of 7.8 million standard cubic feet per day (MMSCFD) of natural gas and 240 barrels per day (BPD) of condensate on a 24/64? choke from three zones, the company said in a press statement on Monday.
The North Klalin-3 well was drilled to appraise the southwest extension of the original discovery made by the North Klalin-1 exploration well in 2011. The Group continues to appraise the northeast extension of the discovery with the drilling of the North Klalin-2 appraisal well which was spudded on 31st December 2012.
The North Klalin-3 well is located close to existing infrastructure, enabling production could be accelerated to commence in the middle of 2013.
The Basin PSC has produced around an average of six thousand one hundred sixty eight barrels of oil equivalent per day (BOEPD) in 2012.
?The North Klalin-3 appraisal well further proves up the commerciality of the field. We will continue to work to add reserves and production in the Basin PSC,? Tony Tan, the company?s Chief Executive Officer said.
The Company through PBL and RHPSB has an aggregate 60 percent working interest in the Basin PSC. The other partners are PetroChina International (Bermuda) Ltd. (30 percent) and PT Pertamina Hulu Energi (10 percent).
The consortium, as contractor of Indonesian government operating under the supervision of the upstream authority SKK Migas, has actively explored and produced oil and gas in the working area.
Editing by Benget Besalicto Tnb.