Spudding at two wells in Madura offshore block to be completed in June

By Febry Silaban

Drilling activity at two exploration wells, namely Merem-1 and Meliwis-1, in Madura Offshore block, East Java, which is operated by ASX-listed Santos Ltd, is expected to be completed in June or July of this year.

The wells was spudded by using the Raniworo jackup rig owned by IDX-listed oil and gas drilling contractor PT Apexindo Pratama Duta Tbk.

?Spudding in two wells of Madura offshore block will last for about 4 months, with the average total depth of 1,270 meters,? Corporate Secretary of Apexindo Frieda Salvantina said to Petromindo.com.

Manager of Corporate Finance & Investor Relations at Apexindo, Paolo Kartadjoemena said that his firm has spudded the Merem-1 well on March 12, 2016, which will be followed by the spudding of another well, Meliwis-1.

Santos has a 67.5 percent interest and is the operator of Madura Offshore PSC. Other partners are PC Madura Ltd and PT Petrogas Pantai Madura.

As reported earlier in this portal, Santos Indonesia has allocated between US$15 and $20 million in capital expenditures for exploration activities in Indonesia this year.

Editing by Reiner Simanjuntak