Ramba Energy starts exploration drilling at Lemang Block

By Puspita Maylana Devi

SGX-listed Ramba Energy Ltd said it started on Wednesday drilling at the Akatara-2 appraisal well, the third exploration well to be drilled at the Lemang block in South Sumatra.

The Akatara-2 well will have a total depth of 6,560 feet true vertical depth, or 7,500 feet measured depth, the company said in a statement. The Akatara-2 well is targeting the Intra Gumai Sand Formation, Upper Talang Akar Formation, Lower Talang Akar Formation, and the Crystalline Basement.

Ramba, which has a 40 percent interest in the Lemang PSC, expects drilling operations to take approximately 26 days, with possible testing to be completed later this year, subject to smaller rig availability.

The company will make such further announcements to inform shareholders of any updates or developments at the Lemang block.

Editing by Reiner Simanjuntak