Retco to drill three wells in S. Sumatra concession
Saturday, August 14 2004 - 03:33 AM WIB
Singaporean firm Interra Resources said Friday that its Indonesian unit PT Retco Prima Energi, the operator of the Tanjung Miring Timur oil field in South Sumatra proposed to drill 3 development wells for the remainder of the year.
Interra has 70 percent interest in Retco after completing the acquisition last June.
Retco operates the Tanjung Miring Timur under a technical agreement contract with state-owned oil and gas firm PT Pertamina. The oil field is currently producing around 700 barrels oil per day. (alex)