Niko Abandons Elang-1 Exploration Well in Cendrawasih PSC

Canada's Niko Resources Ltd. gave an update of the firm's drilling activity in the Cendrawasih Production Sharing Contract (PSC) off northwest Papua province in eastern Indonesia when it presented its quarterly report ending June 30.

The Elang-1 exploration well in the Cendrawasih PSC was drilled in water depths of 5,033 feet to a total depth of 15,865 feet in 27 days. The well - drilled by Diamond Offshore's Ocean Monarch (UDW semisub) - did not encounter commercial reservoir pay zones and has been plugged and abandoned.

"The (Elang-1) well was drilled safely, under budget and ahead of schedule," Niko said in the company release.

The Ocean Monarch has mobilized to the Niko-operated Kofiau PSC, which is located off western Papua province, where the Elit-1 well has been spud as a follow up to the Ajek-1 well drilled by Niko in January 2013.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

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.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Report: Hiring Managers See Salaries S... (Mar 23)
 -  Repsol Chooses Atlas for Onshore, Offs... (Mar 23)
 -  OGA Awards 25 Licences for 111 UKCS Bl... (Mar 23)
 -  UK Minister Brands Oil Worker Discrimi... (Mar 23)
 -  Analyst Sees Possible Crest for US Gas... (Mar 22)


Most Popular Articles

From the Career Center
Jobs that may interest you
Well Servicing Rig Jobs - North Dakota, USA
Expertise: Derrickman|Floorhand / Roughneck|Production Operator
Location: North Dakota, United States, ND
 
Field Superintendent - US Drilling Rig Operations
Expertise: Drilling Superintendent|Field Service Tech
Location: United States
 
Operations Manager - US Drilling Rig Operations
Expertise: Drilling Foreman / Drilling Supervisor|Rig Manager
Location: United States
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours