Update- PetroChina to spud Jabung wildcat well
Monday, September 10 2007 - 08:16 AM WIB
Chinese oil firm PetroChina said on Monday that it will soon start spudding Suko-1 wildcat exploration well in Jabung PSC, onshore Jambi, the company's official said.
"The well will start spudding within the next few days," PetroChina's Operation Support Manager Akhmad Sabidi said in Jambi.
The well will be drilled to the depth of 7940 ft with primary objective at 1690 and 3785 ft and the secondary target of 6520 ft, he said
The Suko-1 well is oil prone and will take around 30 days to drill, he said.
According to Akhmad, P50 reserves potential is 27 mmbo.
The well is the 4th well out of 5 planned on Jabung block this year. One discovery well, South Betara has been developed to production early this month at 2000 bpd, he added.
Jabung currently produces 52,000 boepd of oil and gas. All of gas is exported to Singapore.
In 2006, the block produced 100 MMCFD of gas, almost all of which were exported to under a long-term contract trough the 450-km pipeline, 12,80 BPD of crude, 9,300 BPD of condensate and 13,000 BPD of LPG. The block has a huge processing facility called Betara Gas Plant.
PetroChina and Malaysian firm Petronas have equal interest of 27.85 percent in the block, while PP Oil&Gas, an equal partnership of PetroChina and Petronas, has another 30 percent, with the remaining 14.28 percent held by state oil and gas company Pertamina. (alex)