Sound Oil updates Citarum PSC
Wednesday, January 4 2012 - 04:48 AM WIB
The following is an excerpt taken from UK firm Sound Oil Plc Operations Update released on Tuesday.
Citarum PSC, onshore West Java, Sound Oil 20%
Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, is pleased to announce that the Cataka-1 exploration well commenced drilling at 2300 Indonesian local time (1600 GMT) on 31 December 2011. It is currently drilling ahead in 17 1/2" section towards the Parigi Formation limestone reservoir objective and is scheduled to take 21 days to drill. The well will be drilled as a deviated hole to a total measured depth of 6,995 ft (2,132 m) to target P50 gross prospective resources of 470 Bscf.