New Zealand Oil & Gas Ltd, a New Zealand-based independent exploration and production company, reported Monday that as of Sunday, Sept. 15, 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 current operation is continuing drilling to 9,000 feet 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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