PTBA finalizing 4th CBM well in Tanjung Enim
Saturday, July 27 2013 - 04:37 AM WIB
By Godang Sitompul
IDX-listed PT Bukit Asam Tbk (PTBA) is finalizing the drilling of the fourth model well in its coal bed methane (CBM) block at Tanjung Enim in South Sumatra. Previously, the company has drilled three wells which are now ready for gas production.
"Hopefully, in 2014 the CBM Block in Tanjung Enim will start production at a capacity of 40 MMSCFD," PT Bukit Asam President Director Milawarman told the press after presenting a financial report of his company in Jakarta on Friday.
According to him, his company?s CBM Block in Tanjung Enim has a gas reserve of 0.8 TCF.
Editing by Benget Besalicto ST