New Zealand Oil & Gas Progresses Exploration at Kisaran PSC

New Zealand Oil & Gas disclosed Wednesday that drilling is underway at its Parit Minyak-2 (PM-2) exploration well onshore Sumatra, Indonesia.

The well, which was spud Feb.11, in the Kisaran Production Sharing Contract is the first New Zealand Oil & Gas has been involved with outside New Zealand.

PM-2 is expected to take around 45 days to drill. It will appraise an undeveloped oil discovery made in 2006, and explore additional zones that were not present in that well.

A second well, PM-3, also in the Kisaran block, is planned immediately following operations at PM-2.

New Zealand Oil & Gas Ltd has a 22.5 percent stake in the joint venture through its subsidiary NZOG Asia. The other partners are Pacific Oil & Gas (55 percent and operator) and Pacific Oil & Gas (Sumatera) (22.5 percent).


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Drilling Supervisor - Land
Expertise: Company Man|Drilling Consultant|Drilling Foreman / Drilling Supervisor
Location: Opportunities Throughout the Lower 48
Completions Supervisor
Expertise: Company Man|WellSite Supervisor|Workover or Completion
Location: Richmond, TX
Field Engineer-Wireline
Expertise: Drilling Foreman / Drilling Supervisor|Perforation
Location: Odessa, TX
search for more jobs

Brent Crude Oil : $50.47/BBL 0.98%
Light Crude Oil : $49.72/BBL 1.09%
Natural Gas : $2.76/MMBtu 1.09%
Updated in last 24 hours