RH Petrogas Spuds Klagalo-1 Exploration Well in Kepala Burung PSC
Singapore-listed RH Petrogas Limited (RHP or the Group), engaged mainly in the business of exploration, development and production of oil and gas resources, announced Wednesday that the Group has commenced Oct. 15 the drilling of the Klagalo-1 exploration well (Klagalo-1) in onshore Kepala Burung PSC (Basin PSC) using the Huabei Rig #6. The Basin PSC is located in West Papua, Indonesia and covers an area of 336.6 square miles (872 square kilometers).
The Klagalo prospect was identified following a 112 square miles (290 square kilometers) 3D seismic survey conducted in 2004. It is located approximately 5.6 miles (9 kilometers) east of the two North Klalin oil and gas discoveries made by the Group in recent years.
Klagalo-1 is planned to reach a total vertical measured depth of 6,840 feet (2,085 meters) and the drilling is anticipated to take approximately 38 days.
Francis Chang, vice president of Exploration and Production of RH Petrogas said, “The Klagalo-1 is testing a huge prospect and if successful, will open up new fairway for the Kais limestone reservoir.”
The Group has an aggregate 60 percent working interest in the Basin PSC through its wholly owned subsidiaries Petrogas (Basin) Ltd. and RHP Salawati Basin B.V. Meanwhile its partner, PetroChina International (Bermuda) Ltd. (Operator of the PSC), holds 30 percent participating interest of Basin PSC and PT Pertamina Hulu Energi Salawati holds the balance 10 percent. The consortium, as contractor of Indonesian government operating under the supervision of SKK Migas (Satuan Kerja Khusus Minyak dan Gas), has actively explored and produced oil and gas in the working area.
The Group would also like to provide an update on the status of the Zircon-1 exploration well (Zircon-1). The testing of Zircon-1 has been delayed due to rig repairs. The Group will provide further update once testing is completed.
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.
- Iraq's Talks with Exxon on Southern Oilfields in Final Stages-Minister (Oct 09)
- Ecuador to Offer Oil Blocks Under New Bidding Terms in Jan (Oct 06)
- Kazakhstan To Sell 5 Bcm Of Gas To China For $1B (Oct 03)
Company: RH Petrogas Limited more info
- RH Petrogas Expects Fuyu 1 Block Development Plan Approval in 1H 2014 (Mar 03)
- Bohai VIII to Begin Work Soon at Koi-2 Well in Salawati Kepala Burung PSC (Nov 18)
- RH Petrogras Expects Approval to Develop Fuyu 1 Block Project by Year End (Nov 11)