Energi Mega Persada Brings Sepanjang Field Back on Stream

Energi Mega Persada's subsidiary, Kangean Energy Indonesia, has resumed oil production at its Sepanjang Field on October 8, 2007. Production was temporarily stopped in April 2007 due to technical problems with the Floating Storage Offshore Unit.

A new higher storage capacity tanker, Concorde, has been contracted in place of the previous tanker. The Concorde has a storage capacity of 230,000 bbls which is an improvement over the previous FSO. The field has recommenced production at a rate of 3,500 bpd from the SED-1A well.

Due to challenging weather conditions in the area the Concorde has only been able to store oil since October 8th even though it had been on location since September.

The SED-1A well was drilled in November 2006 employing under-balanced drilling (UBD) technology to maximize the productive potential of the Ngimbang carbonate reservoir. On November 24, 2006, Kangean Energy reported that the well flow tested clean 32.2 API gravity crude with no water and minor gas, at facility constrained rates of 9,000 bpd with a pour point of 115 degrees Fahrenhei