Ranhill Energy Signs PSC for the Citarum Block

Ranhill Energy has signed the Citarum PSC located in West Java Province in Indonesia. And, through its 60% equity interest in PT Bumi Parahyangan Ranhill Energy Citarum ("BPREC"), is working to commence drilling operations on the Jonggol prospect by June 2006. Located 15 km south of the Jatirarangon gas field, the Jonggol prospect has the same Jatibarang structure.

Gaffney, Cline and Associates, an international independent oil and gas reserves consultant has identified cumulative prospective resources of 150 to 342 million barrels of oil reserve in place. A fast track development is planned to achieve first production within 18 months of discovery.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Business Development Analyst
Expertise: Business Analyst|Business Development
Location: Chesapeake, VA
 
Attorney I
Expertise: Contracts Administration|Legal
Location: Houston, 
 
Project Engineer/Project Manager
Expertise: Project Management
Location: Baton Rouge, 
 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours