Tately spuds W. Sulawesi exploration well

Oil, gas exploration firm Tately NV and its partner Harvest Natural Resources on Friday spudded the first well in Budong Budong PSC, West Sulawesi, local media reported.

Drilling program at the block has been delayed for months as the operator was unable to get permit to use public road to transport drilling equipments to site.

Harvest said in August 2010 presentation that two wells will be drilled in the block called Lariang LG-1 well and will be followed by Karama KD-1.

Tately, which is controlled by Malaysian billionaire Ananda Krishnan is the operator of Budong Budong PSC with 53 percent interest with the balance held by Harvest. (*)