Seismic acquisition at Tanjung Aru completed
Thursday, May 1 2014 - 01:24 AM WIB
By Alexander Ginting
ASX-listed oil, gas firm Neon Energy Limited reported on Wednesday that the 500km2 commitment 3D seismic survey commenced on 24 March 2014 at Tanjung Aru PSC offshore Kalimantan has been completed on time and within budget.
Data processing will now commence, prior to interpretation and identification of prospects for drilling in the next (optional) phase of the PSC, the company said.
Neon has 42% interest in Tanjung Aru exploration block, which is operated by Singapore listed firm KrisEnergy with 43% interest.