Raisama to retender seismic program in South Block A
Wednesday, May 2 2012 - 12:59 PM WIB
Australia-listed firm Raisama Limited is making preparations for retender of a 2D seismic scheduled to be conducted in the second half of this year in South Block A (SBA) onshore North Sumatra PSC.
The company said in a press statement on Wednesday that the 2D seismic program was delayed while the customary operating agreement was finalized between BPMIGAS and the relevant provincial government in Sumatra. The matter has been resolved and has enabled the company to restart the seismic program.
Raisama has 38.25% interest in SBA by virtue of its 75% (controlling) interest in REE Pte Ltd, which holds a 51% working interest in South Block A and operates the PSC.
It was reported last August that a study had concluded that Amanah Prospect, located in the South Block A (SBA) onshore North Sumatra PSC, had a most likely (2C) contingent resource in excess of 40 million barrels of oil from six potential reservoir.
The prospect is close to commercial oil discoveries on the same structural trend and is directly adjacent to the Iee Tabue oil and gas field, discovered in 1971 and which by 1989 had produced nearly 12 million barrels of premium 50.3 ?API light oil and 24 billion cubic feet of gas, the company said.
The Amanah well will be relatively shallow with a total programmed depth of 1200 m and will be designed to intersect a minimum of six potential petroleum reservoir zones.
The study also identified three additional prospects, including a large oil prospect and two large gas prospects, which are similarly prospective but require further delineation by geological field survey.
Editing by Benget Besalicto Tnb.