Ramba allowed to prepare commercial production
Thursday, May 8 2014 - 06:16 AM WIB
SGX-listed Ramba Energy Limited announced on Thursday that it had on May 1, 2014 received the signed minutes of the technical discussion between its subsidiary PT Hexindo Gemilang Jaya and upstream authority SKK Migas to determine the exploration status of the Akatara-Selong structure.
During the meeting, Hexindo presented to SKK Migas an update of the results of the exploration activities conducted in the Akatara-Selong Structures. The results presented to SKK Migas comprise geological and geophysical (G&G) studies, petroleum system, drilling results, well testing results, and Original-Oil-In-Place (OOIP). Pursuant to the technical discussion, SKK Migas confirmed its acceptance of the results presented by Hexindo and its agreement for Hexindo to commence its plan of development (POD) in preparation for commencement of commercial production (COCP) at the Lemang Block.
Exploration drilling was conducted in the Akatara-Selong Structures in three exploration wells, namely Akatara 1, Akatara-2ST and Selong-1. The well testing results from these three exploration wells can be found in the previous announcements released on Feb. 17, 2014 and Jan. 27, 2014.
Lemang PSC is located in South Sumatra. Ramba, through Hexindo, holds a 51 percent working interest in the Lemang Block.
Editing by Johannes Simbolon