MEO Australia is aiming to spud in early October its Gurame SE-1X gas and condensate appraisal well offshore Seruway Production Sharing Contract (PSC) sited within the North Sumatra Basin, the company said Thursday.
MEO had secured the jackup Hercules 208 (200' MC) and the company expects drilling works to take 35 days to complete on an untested basis or 50 days in the event that the well is production tested.
The company said in a technical supplement on Thursday that its internal resource estimate for Gurame SE-1X is 500 billion cubic feet of low CO2 gas and 57 million barrels of liquids within the Baong sandstone and Belumai formation primary targets. The well's secondary objective is the shallower Keutapang and Serula Formations. An additional secondary objective of the well is the deeper Belumai Carbonates.
Commenting on MEO's plans moving forward into 2013, a company spokesperson told Rigzone through a telephone interview that the company is planning to drill a second gas and condensate appraisal well in the PSC next year.
"A third appraisal well could be on the cards for 2014," the spokesperson added.
MEO owns 100 percent of the Seruway PSC until the end of 2014.
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