Saka to spud another well in Sidayu in early 2016
Monday, October 26 2015 - 01:46 AM WIB
PT Saka Energi Indonesia, a subsidiary of state-owned PT Perusahaan Gas Negara (PGN), has scheduled to drill another exploration well in Sidayu field within Pangkah PSC offshore East Java, where the firm recently discovered a huge oil reserve.
?We shall drill another exploration well in Sidayu early next year,? Chief Operating Officer Tumbur Parlindungan said in Jakarta recently.
He said earlier that his company made a significant discovery during the drilling of the Sidayu-3 exploration well on Aug. 17, 2015 with preliminary assessment indicating the reserve amounts to 300 million barrels of oil.
Saka plans to submit the Plan of Development (POD) for Sedayu next year, according to Tumbur.
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.
Editing by Johannes Simbolon