Singapore-listed oil and gas exploration and production company Ramba Energy Limited announced that it has commenced drilling of the JRR-1 production well in the Jatirarangon Technical Assistance Contract (TAC) in Java, Indonesia, at 1000 hours July 5.
The JRR-1 well currently has a total depth of 5,250 feet, and it will be drilled to a total depth of approximately 8,900 feet. The drilling will target the Talang Akar and Baturaja Formation. Ramba Energy had discovered oil in the Baturaja Formation in February 2011 during the JRR-3 ST Workover at the Jatirarangon gas producing field.
"The Company expects drilling operations to take approximately 15 days, with an additional 10 days for completion and testing," Ramba Energy said in a press release.
The Jatirarangon TAC - which is located in Cikarang, West Java - is a producing asset, with a peak production of 6.8 million standard cubic feet of natural gas and 105 barrels of oil and condensate per day. Ramba Energy doubled production from the block in late 2011, after drilling two additional development wells at the block.
Ramba Energy is operator of the Jatirarangon TAC, with a 70 percent working interest, while the remaining 30 percent is held by PT Wahana Sad Karya.
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