Drilling Commences at Naga Utara-2 Well in Mahakam Hilir PSC
Australia's Cue Energy Resources Ltd. (Cue) reported Monday that the Naga Utara-2 well was spud Oct. 5. The well site is located in the onshore portion of the Kutei Basin on the island of Kalimantan (Borneo), Indonesia approximately 6.21 miles (10 kilometers) north east of the town of Samarinda. The well is operated by SPC Mahakam Hilir Pte Ltd., a subsidiary of Singapore Petroleum Company Ltd.
The well is the third to be drilled by Mahakam Hilir Joint Venture and will appraise the gas shows seen in Miocene-age sandstones at Naga Utara-1 which were not fully evaluated in the previous well due to mechanical problems. The well will then be deepened to evaluate additional reservoir objectives. The well is being drilled from the same pad as Naga Utara-1 to a target location approximately 1,558.4 feet (475 meters) of the earlier well. Naga Utara-2 has a proposed total depth (TD) of 2,068 meter Measured Depth (mMD) or 1,981 meter true vertical depth (mTVD) and drilling is expected to take approximately 62 days.
Cue will provide weekly progress reports during the drilling of Naga Utara-2. Participating interests in the Mahakam Hilir Production Sharing Contract are as follows:
- Cue Mahakam Hilir Pty Ltd: 40 percent
- SPC Mahakam Hilir Pty ltd: 60 percent (Operator)
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.
- Sampang JV Approves Project to Extend Field Life by 2 Years to 2020 (Sep 22)
- SKK Migas Extends Exploration Period for East Kalimantan's Mahakam PSC (May 04)
- NOPTA Approves Cue's WA-359-P Work Program Suspension, Extends Permit Term (Apr 14)