Workover program in Sampang PSC to conclude in August
Tuesday, July 28 2015 - 01:40 AM WIB
The Sampang PSC well workover program in Indonesia, to increase production and extend field life, will conclude in August 2015 with the Oyong-7 well, Oyong field to be brought on production, initially as an oil producer, ASX-listed Cue Energy Resources announced recently.
The installation of compression at the Grati gas plant should be completed in July 2015 which will ensure that the Wortel project will continue to meet its gas sales contract volumes. This will maintain gas production from Oyong and Wortel and extend field life, the firm said.
The Oyong average oil production rate for the quarter was 1250 bopd (gross) and the daily gas average rate was 23.60 mmcf (gross) (Cue net: 161 bopd and 2.93 mmcf - both net of government take under the PSC).
Wortel -3 and Wortel-4 flowed gas at a combined average daily rate of 36.54 mmcf (gross) during the quarter (Cue net 5.07 mmcf net of government take under the PSC.
The Sampang PSC, located offshore Madura Island, East Java, is operated by Santos with a 45 percent interest. ASX-listed Cue Energy Resources Ltd has a 15 percent interest in the PSC, while Singapore Petroleum Company holds a 40 percent interest. It has three fields, namely Oyong, Wortel and Jeruk.
Editing by Johannes Simbolon