Sele Raya to proceed with PoP of Cantik gas well

By Febry Silaban

Oil and gas firm PT Sele Raya Belida will proceed with the Put on Production (PoP) of the Cantik-1 gas well in Belida block onshore South Sumatra, according to a top official of the firm.

?We plan to proceed with the POP of Cantik-1 gas well, in which we have made gas discovery of approximately 8 mmscfd,? the company?s President and General Manager Juchiro Tampi told Petromindo.com.

According to Juchiro, if the oil price has returned to the level of US$63/barrel, the company will carry out the re-production of the well.

Sele Raya has 46 percent interest in the block, while Chinese firm Sinochem and Indian firm Tata Petrodyne Limited hold 40 percent and 14 percent, respectively.

Editing by Johannes Simbolon