Saka makes another discovery in Sidayu field
Tuesday, September 20 2016 - 07:40 AM WIB
PT Saka Energi Indonesia, a subsidiary of state-controlled gas distribution firm PT Perusahaan Gas Negara (PGN) Tbk, has made an oil and gas discovery at the Sidayu-4 exploration well in Pangkah PSC, offshore East Java, according to a top official of the firm.
?Currently we?re stilling implementing the DST (drill stem test) of the well, and there are still some tests we have to do. Just wait, next week a press conference will be conducted officially by SKK Migas (upstream authority)," the company?s Chief Operating Officer Tumbur Parlindungan said to Petromindo.com.
The Sidayu 4 well was spudded in mid-January.
In October 2015, Saka announced a significant discovery following the drilling of the Sidayu-3 exploration well on Aug. 17, 2015 with preliminary assessment indicating reserves amounting to 300 million barrels of oil.
The Sidayu discovery is the latest in the string of success made by the firm during exploration in recent years. Five months ago, the firm also announced the discovery of gas at the SIS-A#1 wildcat well in South Sesulu block, offshore East Kalimantan.
The Pangkah block, located off the northeast coast of Java, is 100 percent owned by Saka. The firm bought out the block from American firm Hess Corp in two transactions worth US$915 million executed in 2013 and 2014.
Editing by Reiner Simanjuntak