Salamander to drill West Kerendan prospect in Q2
Tuesday, March 12 2013 - 06:01 AM WIB
UK-based oil, gas firm Salamander Energy Plc said on Monday it plans to drill in the second quarter of the year the West Kerendan prospect within its Bangkanai PSC in Central Kalimantan.
It said in its latest update report that a number of prospects and leads have been mapped in the Bangkanai PSC, with the West Kerendan prospect comprising the Oligocene-age Berai carbonate and underlying Eocene Tanjung clastic (Sungai Lahei) targets scheduled to be drilled in Q2, 2013 using the Drillco-1 land rig.
The West Kerendan prospect is an Oligocene-age reefal carbonate and is analogous to the Kerendan gas field. It has a gross mean prospective resource potential of 335 Bcf and a 45 percent chance of success, the report said.
The underlying Sungai Lahei prospect is an Eocene-age sandstone target with a gross mean prospective resource potential of 580 Bcf and an 18 percent chance of success.
Both prospects will be tested by the West Kerendan exploration well, to be drilled to 4,000 meters depth and estimated to cost circa US$20 million.
Salamander holds the operatorship and has a 70 percent participating interest in the block. PT Saka Energi Indonesia, a unit of state gas distribution firm PT PGN is holding the balance.
Editing by Dadan Wijaksana