Testing at TMT-54 produces oil
Thursday, February 7 2013 - 10:41 AM WIB
Singapore-listed Interra Resources Limited announced on Thursday a production testing at its TMT-54 well within the Tanjung Miring Timur field in South Sumatra has resulted in an average output of 200 bopd.
The production came from three of the lower reservoirs in the Talang Akar formation following casing perforation, it said in a filing.
TMT-54 is the second well to be completed as an oil producer in the current drilling campaign following TMT-55 as announced on January 29. TMT-55 is currently producing approximately 65 bopd while awaiting the installation of additional pump capacity to boost production.
The current production of the new wells at TMT-54 and TMT-55 has effectively doubled the production of TMT as a whole to almost 500 bopd. Concurrently, TMT-53 has reached total depth as announced on February 6, and drilling is expected to commence soon at TMT-52.
The company, through its wholly owned unit Goldwater TMT Pte. Ltd., has 100 percent working interest in the Technical Assistance Contract of the TMT field.
Editing by Dadan Wijaksana