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Production Commences at KM-607 Well in Kampung Minyak Oil Field

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Singapore-listed Mirach Energy Limited reported that following the operational updates on Sept. 30 and Aug. 27, the KM-607 well at the Kampung Minyak (KM) oil field in south Sumatra, Indonesia has commenced production. Production had been delayed due to the need to enhance surface facilities, including the procurement and installation of a new wellhead, which could be carried out only after obtaining PT Pertamina’s approval.

The current daily production at KM-607 averages at approximately 220 barrels of oil per day (bopd), on natural reservoir pressure without the need for a lifting pump. The cost of drilling and completing KM-607 is estimated at $0.85 million.

With the addition of KM-607, total daily production per day at KM is now approximately 360 bopd.

KM-603, KM-610 and KM-611:

Drilling and well perforations had also been completed at KM-603, which reached a depth 1,542 feet of (470 meters) targeting the Suban-7 (S7) layer. Currently, well-testing is underway before recommendation for production on this well. Total drilling and completion cost for KM-603 is estimated at $0.6 million.

KM-610 drilling was just completed to reach a depth of 1,509 feet (460 meters) and well-logging had commenced. This would be followed by perforations and well-testing and analyses.

KM-611, which was producing at around 36 barrels last month, is now producing at a slightly better rate of 40 to 45 bopd.

KM-603, KM-607, KM-61- and KM-611 were the four wells that were approved for drilling by PT Pertamina. The Company had received approval to drill the next five wells this year.

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