CGB2 Awards Bengara-II Block Seismic Contract in Indonesia

Bengara II Block
(Click to Enlarge)

Continental Energy announced that its 18% owned subsidiary Continental-GeoPetro (Bengara-II) Ltd. ("CGB2") has awarded a contract to a local seismic acquisition contractor to conduct a seismic acquisition program in the Bengara-II Block located on the island of Borneo in East Kalimantan, Indonesia.

CGB2 intends to acquire a total of 120 square kilometers of 3D seismic and 844 line kilometers of 2D seismic at an estimated acquisition cost of US$ 28,500,000. The primary objective of the 3D seismic program is to further define and delineate the Seberaba oil discovery and the Makapan gas/condensate discovery. CGB2 is eyeing a joint development of Makapan gas with Seberaba oil to achieve economies of scale and provide a gas source for fuel, pressure maintenance, and artificial lift of oil.

A large part of the 2D seismic program is also intended to provide additional definition of other exploration prospects in the Bengara-II Block to firm up new exploration drilling targets for the 2010 drilling program. These prospects include the Galiadap structure underneath the "oil lake" seep in the southern region of the block.

A large part of the seismic acquisition program shall be conducted in the logistically difficult and higher cost "transition zone" between a shallow marine offshore and onshore setting. The eastern portion of the Block is located mostly onshore but partially offshore in the shallow waters of the Sulawesi Sea and the Bulungan River delta.

An advance party has been mobilized to the site to make arrangements for necessary permits and prepare for the arrival of survey, line-cutting, and shot-hole drilling crews. CGB2 hopes to complete the entire acquisition program by end first quarter 2010 and commence appraisal and additional exploratory drilling in 2010.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
United States Sonora: Operator, Plant-Multi-Chem, I
Expertise: Geoscience Technician
Location: Sonora, TX
United States Sonora: Operator, Plant-Multi-Chem, I
Expertise: Geochemist
Location: Sonora, TX
Senior Client / Program Manager
Expertise: Geologist|Reservoir Engineering
Location: Seattle, WA
search for more jobs

Brent Crude Oil : $50.47/BBL 0.98%
Light Crude Oil : $49.72/BBL 1.09%
Natural Gas : $2.76/MMBtu 1.09%
Updated in last 24 hours