Oilex Completes the Well in Indonesia

Oilex Ltd. said it has drilled 450 meters of the planned total depth of 748 meters at the Pendalian-3 well in the West Kampar region of Central Sumatra in Indonesia.

Oilex holds a 45% participating interest in this joint venture while Sumatera Persada Energi, which is also the operator, holds the remaining 55%.

The oil and gas explorer added that operations have been completed in preparation for the start of drilling Bhandut-2Z sidetrack well in India from a depth of 413 meters in the original Bhandut-2 wellbore.

Oilex operates Bhandut-2Z and holds a 40% participating interest, while Gujarat State Petroleum Corp has a 60% interest.

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