Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Mirach Provides Operational Update at Kampung Minyak Oil Field

change text size

Singapore-listed oil and gas exploration firm Mirach Energy Limited announced Monday that the daily production volume at Kampung Minyak (KM) oil field in south Sumatra, Indonesia is currently recorded at 126 barrels of oil per day, from less than a hundred barrels per day in August 2013.

This is following the completion of KM-611, which was spud Sept. 5 and is currently producing at a stabilized oil flow rate of around 36 barrels of oil per day. The cost of drilling and completing KM-611 is estimated at around $0.63 million.

On the other hand, KM-607, which completed drilling in August 2013, has not commenced production yet. This is due to a delay in well completion process as the operation team has recommended more adequate surface facilities and equipment to cope with the additional pressure experienced from the well bore. The Company will update on the results upon well completion and a stabilized production rate.

The team has also spud KM-603 with targeted drilled depth of 1,541.9 feet (470 meters), and expects drilling to complete by Oct. 6, to be followed by analysis and perforations.

KM-611, KM-607 and KM-603 are three of the four wells that were approved for drilling by PT Pertamina. The Company plans to drill a total of nine wells at the Kampung Minyak oil field this year.

WHAT DO YOU THINK?

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

Most Popular Articles
From the Career Center
Jobs that may interest you
Directional Driller Trainee
Expertise: Directional Driller
Location: Houston, TX
 
Rig Maintenance Supervisor
Expertise: Rig Electrician, Rig Mechanic
Location: US
 
Drilling Supervisor
Expertise: Drilling Superintendent
Location: Calgary
 
search for more jobs