Serica to drill 2 wells in E. Kalimantan exploration block

UK oil, gas firm Serica Energy plc reported on Friday it planned to drill two exploration wells in Kutai PSC, East Kalimantan.

During the third quarter of 2008, the company completed the acquisition of new 3D seismic data. In the onshore part of the PSC, Serica is currently carrying out a 2D seismic survey, it said.

?Discussions with rig contractors are underway to secure drilling capability for a programme which envisages two exploration wells in 2009,? the company said.

Serica is the operator of the Kutai PSC in East Kalimantan and currently holds a 78% interest (reducing to 54.6% after completion of the transaction with Salamander Energy).(alex)