Triangle: Production at three wells in Pase block reached 82.8 mmcf
Thursday, October 31 2013 - 05:19 AM WIB
ASX-listed Triangle Energy Limited reported that production from three wells, A-1, A-5, and A-6 within the Pase block in Aceh during the September quarter totaled 82.8 mmcf.
Production from A-1 has increased since the company successfully carried-out a ?Bull Head Acid Job? in September, Triangle said in a statement received Thursday.
Total production during quarter was reduced as a result of scale build-up in A-well. However, the production team performed a ?Bull Head Acid Job? on A-1 in min September to attempt to restore production to previous levels. The maintenance was successful and production is back at normal levels.
Gross PSC revenue on production for the quarter US$ 1.050 million, the company said.
During the quarter the company continued technical studies over the Pase Field with the intent of maturing infill drilling opportunities to access un-dip gas adjacent to existing producing wells.
Upstream authority SKK Migas has extended Triangle?s appointment as the temporary operator of the Pase block in Aceh for six months from the date of August 24, 2013, or until the definitive operator is appointed, whichever occurs first.
Triangle has operated and produced gas from the Pase field since 2009. The company in July signed an agreement with the Aceh provincial government-owned company PDPA to set up a joint venture called Aceh Pase Global Energy Pte Ltd (APGE), which aims to become the operator of the Pase block under a planned new 3-year PSC. APGE is 75 percent owned by Triangle.
Editing by Reiner Simanjuntak