Sugih to conduct 2D seismic survey end-2015

By Febry Silaban

IDX-listed PT Sugih Energy plans to conduct a 2D seismic survey in Kalyani block in Jambi and South Sumatra provinces in the end of this year, according to a top official of the firm.

?The 2D seismic acquisition is likely to be carried out in the end of this year,? Sugih?s President Director Andhika Anindyaguna told Petromindo.com.

Sugih has a stake in Kalyani block after acquiring a 51 percent stake in Eurorich Group, which holds a 100 percent participating interest in the block. Subsequently, Sugih farmed-out 15 percent of the block to Pertamina Hulu Energi and signed joint operation agreement (JOA) with the firm to push for exploration at the block.

Editing by Johannes Simbolon