NZOG Updates on Drilling at Parit Minyak-3 Well in Kisaran PSC

New Zealand Oil & Gas Ltd., an independent exploration and production company based in New Zealand, announced Monday that preparations are underway to begin flow testing in the Parit Minyak-3 (PM-3) well located in the Kisaran Production Sharing Contract (PSC) in onshore Sumatra, Indonesia.

Based on wireline logging results, up to two drill stem tests (DSTs) will be conducted. The first will be an open hole test over a gross interval of 246 feet, the second will be in cased hole over a gross interval of 62 feet. Depending on the types of fluids and rates of flow, this testing program could take 15-20 days.

The well has been drilled to a total depth (TD) of 8,760 feet (2,670 meters).

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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