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NZOG Provides Drilling Update at Parit Minyak-3 Well in Sumatra

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New Zealand Oil & Gas Ltd reported Monday that as at Sunday, Sept. 8, seven inch casing had been run and cemented at the Parit Minyak-3 (PM-3) well, located in the Kisaran Production Sharing Contract (PSC) in onshore Sumatra, Indonesia.

The well has been drilled to a depth of 8,250 feet (2,598 meters).

Open hole logs were run to depth, however subsequent formation pressure data gathering was hindered by degrading hole conditions. Initial log analysis supports deepening the well.

Current operations is casing off the open hole section with 7 inch casing, before drilling to 9,000 feet (2,744 meters) using a 5.875 inch bit.

New Zealand Oil & Gas Ltd has a 22.5 percent stake in the joint venture through its subsidiary NZOG Asia Pty Ltd. The Kisaran Joint Venture partners are Pacific Oil & Gas (55 percent and Operator) and Pacific Oil & Gas (Sumatera) Ltd, a subsidiary of Bukit Energy Inc. (22.5 percent).

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