Titan spuds DBD-1 exploration well
Monday, September 10 2012 - 09:44 AM WIB
Mitra Energy Limited announced that its majority owned subsidiary Titan Resources (Natuna) Indonesia Ltd., the operator of NE Natuna PSC, has spudded the Durian Besar Deep-1 (DBD-1) well within the block.
The well was drilled by the Diamond Offshore-owned and operated semi-submersible drilling rig ?Ocean General', Mitra said in a statement.
The objective is to target the Arang and Gabus sandstone formations which are expected to be encountered around 3500 mSS, it added.
Mitra owns 66.67 percent stake in Titan. GS Caltex Corporation holds the remaining 33.33 percent. Titan holds a 90 percent working interest in the NE Natuna PSC, with PT Binatek Reka Natuna holding the balance.
Editing by Dadan Wijaksana