SKK Migas extends Muara Enim PSC?s exploration period
Thursday, December 3 2015 - 12:01 PM WIB
ASX-listed NuEnergy Gas Limited announced on Thursday it has been granted by upstream authority SKK Migas a one-time extension of exploration period for Muara Enim PSC in South Sumatra.
The extension is for a maximum period of four years to Nov. 29, 2019.
NuEnergy commenced drilling at the coal bed methane (CBM) block in November 2011. Initial results from the first well are positive with a total of 38.2 meters (net) of coal confirmed with one continuous coal seam of 19 meters identified in the Suban Coal group. The results of the Muara Enim well are consistent with the previous estimates for prospective gas-in-place provided by PT Trias Energy Perkasa (2011) and RISC (June 2010).
A second well at the Muara Enim PSC was drilled, cored and tested in May 2012 showing net coal thickness of 43 meters. This well was converted into NuEnergy's first pilot well (Pilot Well #1) with dewatering commencing in October 2012. Fourteen hours after the commencement of dewatering, gas was being flared.
A further resource estimate prepared by RPS Group Plc for the Muara Enim PSC reported 2 bcf of 2C and 97 bcf of 3C contigent gas resources.
The Muara Enim PSC was awarded on Nov. 30, 2009. NuEnergy holds a 40 percent interest and is operator of Muara Enim PSC through its subsidiary company PT Trisulsa CBM Energi, with the remaining 60 percent held by PT PHE Sumatera 2.
Editing by Johannes Simbolon