SKK Migas approves AFE for VICO?s drilling

By Febry Silaban

Upstream authority SKK Migas has approved on Sept. 11, 2014 the authorization for expenditure (AFE) for oil and gas firm VICO Indonesia to start drilling activity in the Nilam-358 well within OS2 North in Sanga sanga block, East Kalimantan.

Initially, the firm planned to drill Nilam-271 well, but later decided to drill another well, that is Nilam-358.

SKK Migas spokesperson Zudaldi Rafdi told Petromindo.com that once the AFE has been approved, the PSCs will usually begin to conduct procurement activities that could last long into next year until the commencement of drilling the well.

VICO is a JV company equally owned by Anglo-American energy giant BP Plc and Italian oil, gas firm ENI SpA.

Editing by Johannes Simbolon