RH Petrogas' Units Completes Drilling at Klalin-14 Well in West Papua
Singapore-listed RH Petrogas Limited (RHP), engaged in the business of exploration, development and production of oil and gas resources, announced Monday that its subsidiaries have completed drilling of the Klalin-14 development well in the Kepala Burung Production Sharing Contract (Basin PSC), located in the West Papua region of Indonesia. RHP has an aggregate 60 percent working interest in the Basin PSC held through its wholly owned subsidiaries Petrogas (Basin) Ltd. and RHP Salawati Basin B.V..
The Klalin-14 development well is part of the Klalin field development program. The well encountered 81 feet of total net pay and tested production rates of 9.8 million standard cubic feet of natural gas per day (MMscf/d) and 220 barrels of condensate per day (bcpd) on a 24/64 inch choke from two zones. Depending on the gas demand, the well is expected to produce 3 MMscf/d and 150 bcpd once production starts in the near future.
The success of Klalin-14 will add on new gas and condensate production for the group. Two additional development wells, Klalin 15 and Klalin 17, are scheduled to be drilled before the end of the year. In 2012, the Basin PSC produced an average of about 6,168 barrels of oil equivalent per day.
Dr. Tony Tan, CEO, said, “We are very pleased with the continuing success achieved in the Klalin field development program. Apart from this update on the Basin PSC, the group has recently announced the drilling of Zircon-1 in the Island PSC, which is also located in the West Papua region of Indonesia. Both the Basin and Island PSCs have played an important role as the group’s producing assets, and we will continue to work to add reserves and production in these blocks.”
WHAT DO YOU THINK?
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.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension