Release: Seram?s Oseil update second lifting completed
Tuesday, March 11 2003 - 04:15 AM WIB
Kalrez Energy Limited is a 2.5 percent shareholder in the Seram Joint Venture that operates the Oseil oilfield. The major shareholder, and Operator of the JV, is KUFPEC (Indonesia) Limited with 97.5 percent.
Kalrez wish to advise the successful completion of the second Lifting of crude oil from Oseil Oilfield on Tuesday 4 March 2003.
Tanker Swallow began to take delivery on Tuesday 4 February 2003. In the period of delivery to completion approximately 296,557 barrels were loaded.
Tanker St Jacobi began to take delivery of Oseil crude oil (3rd Lifting) on Wednesday 5 March 2003.
The achievement of the second Lifting of crude oil from the Oseil Oilfield, which confirms the company's positive future from its Seram JV investment. (*)
Russell Brimage, Kalrez Energy Ltd - Jakarta Office