Ramba declares potential oil, gas discovery at Atkatara-2 well
Thursday, August 29 2013 - 12:51 AM WIB
SGX-listed Ramba Energy Ltd said it has successfully drilled the Atkatara-2 appraisal well in the Lemang block, South Sumatra, and has temporarily suspended the well on August 3 as a potential oil and gas discovery.
?Well logs confirmed the presence of hydrocarbons down-dip of the Akatara-1 discovery well in the Selong - Akatara cluster, and reinforces the company?s understanding of the subsurface configuration and its play concept of the Lemang block,? Ramba said in a statement obtained Wednesday.
?The Akatara-2 appraisal well encountered 20 potential reservoir layers (total sand thickness in excess of 1700 feet and a Net to Gross Ratio of35%), with approximately 800 feet of hydrocarbon column, which includes hydrocarbon shows in the Crystalline Basement. Due to the availability of the existing rig on site, and for cost optimization, Drill Stem Tests was not performed.?
The company said it will make preparation to mobilize a smaller rig for a full comprehensive Extended Well Testing on the Akatara-2 appraisal well and the remaining potential reservoir layers on the Akatara-1 well and Selong-1 discovery wells.
Following the full comprehensive Extended Well Testing program, Ramba shall begin preliminary discussions with the relevant authorities for a potential immediate field development, it added.
Ramba ? through its local subsidiary, PT Hexindo Gemilang Jaya ? holds a 51 percent working interest in the Lemang block.
Editing by Reiner Simanjuntak