Quest appoints Kenneth Bull as COO
Tuesday, September 11 2012 - 07:45 AM WIB
ASX-listed firm Quest Petroleum NL announced that in anticipation of an approval of the AFE for the Kayumanis-1 well from upstream authority BPMIGAS, it had appointed Kenneth Bull as the Chief Operating Officer (COO) of the company in Indonesia.
The company said in a press statement on Tuesday that Bull will be based in Jakarta. He speaks fluent Indonesian and has over 30 years international experience in the oil and gas sector, primarily in the management and operation of onshore and offshore drilling, well completion and production operations.
Bull also has extensive experience in the Indonesian oil and gas industry and will manage all aspects of the Company's operations in Indonesia. With this appointment, Saxon Palmer steps down as a Director having overseen the work program that lead to the award of the Ranau Production Sharing Contract and activities up to the present phase.
Ongoing technical oversight at Board level will continue to be provided by the Deputy Chairman, Mochamad Thamrin and Director, Greg Lee.
Bull joins Quest from Entek Energy where he was responsible for all drillings, workover, completion and safety at their operations in the US. He was previously employed by Indonesian based Kufpec and Kalrez Petroleum where he managed the drilling and production operations of the Seram Island Oil and Gas Project.
He has also had a combined five years of direct operating experience in South Sumatra working with Stanvac, Asameria Petroleum and ARCO conducting workovers, completions and well testing in and around the southern Sumatran Basin. Ken has also worked for PDO (Shell) Oman, BSP (Shell) Brunei, Delhi/Santos Petroleum and New Guinea Energy.
The Kayumanis‐1 Lead is one of 16 leads identified in the Ranau PSC with total potential of up to 6Tcf and/or 300 mmbbl oil. It is located approximately 10 km south of the town of Baradatu in the Way Kanan Regency of Lampung Province, southern part of Sumatera island.
The Kayumanis‐1 drill location is situated on the edge of an identified structural high proximate to three significant sub‐basins with clear potential for hydrocarbon generation. The target reservoir formations are the Baturaja and Talang Akar Formations, both of which are prolific oil and gas reservoirs throughout southern Sumatra.
The drill site is on well drained, elevated land adjacent to a paved asphalt road which will expedite the commencement of drilling.
Quest Petroleum Managing Director Anthony Milewski stated: "With the BPMIGAS' approvals imminent, the Company is pleased to appoint Ken to manage the Company?s operations in Indonesia. With his extensive drilling expertise and significant Indonesian operational experience he is ideally suited to manage Quest's operations going forward. I would also like to wish Saxon well on his future ventures and extend our thanks to him for his significant contribution to the acquisition of the Ranau PSC and the exploration program to this point?.
Editing by Benget Besalicto Tnb.