Ramba completes well testing at Aktara
Monday, February 17 2014 - 02:20 PM WIB
SGX-listed Ramba Energy Limited announced on Monday that it has completed well testing at the Akatara-2 appraisal well in Lemang PSC in South Sumatra ahead of schedule. Well testing was completed on Feb. 17, 2014.
Drill Stem Test (DST) results at the Akatara-2 appraisal yielded positive results, with initial flow rates of up to 2,300 barrels of oil per day (bopd) with 32.3?-36.5? API gravity and 5.4 million standard cubic feet per day (mmscfd). The Akatara-2 well has been temporary suspended as an oil and gas discovery.
On May 6, 2013, the company announced the successful discovery at the Akatara-1 exploration well, in which the company encountered 274 feet of gross pay, with initial flow rates of 11.0 mmscfd and 380 bopd.
On Dec. 28, 2012, the company announced the successful discovery at the Selong-1 exploration well, in which the company encountered 222 feet of gross pay, with initial flow rates of 790 bopd and 16.8 mmscfd.
Aggregate initial flow rate of the Selong-1, Akatara-1 and Akatara-2 wells is approximately 9,500 barrels oil equivalent per day (boepd).
Given the positive DST results and commercial flow rates from the Selong-1, Akatara-1 and Akatara-2 exploration wells, the company shall begin to make preparations for commencement of commercial production (COCP) and will submit the plan of development (POD) to the relevant authorities in due course. Ramba, through its local subsidiary, PT Hexindo Gemilang Jaya, holds a 51 percent working interest in the Lemang block.
Editing by Johannes Simbolon