Premier Oil updates exploration well drilling
Friday, April 13 2012 - 08:39 AM WIB
Premier Oil BV said the drilling of Biawak Besar exploration well on Natuna Sea Block A has reached a total depth of 5,950 feet and will be plugged and abandoned.
It said the seismic amplitude supported Miocene target was encountered on prognosis and the logs showed better than expected sand quality. However, the sands were water wet.
?The results of the well will be incorporated into the existing 3D seismic database to determine the cause of the amplitude response and its implications for the future prospectivity of the targeted play,? it said.
Premier has 28.67 percent interest in the block.
Elsewhere in Indonesia, Benteng-1, a frontier exploration well on the Buton Block (Premier equity 30 percent), is currently being drilled and the results are expected in June.
"The first three months of 2012 has seen much activity on the Premier-operated Natuna Sea Block A. In addition to internally sanctioning the Pelikan and Naga projects, we have drilled two potential play opening wells, Anoa Deep and Biawak Besar,? said Simon Lockett, Chief Executive Officer of the company.
Continuing exploration on Block A will now focus on the exploitation and significant follow on potential of the Anoa Deep well, he noted.
Editing by Roffie Kurniawan