Drilling Commences at Liyun-1 Well
Drilling has commenced at the Liyun-1 well, which is situated in a water depth of 180 feet (55 meters). The well has a planned total depth of 8,432 feet (2,570 meters), and is targeting the oil potential of the Kujung I reef carbonates, currently producing in an acreage to the east of the Bulu Production Sharing Contract. AWE is the operator of the Bulu Production Sharing Contract, holding a 42.5% interest; Pearl Oil holds a 42.5% interest; PT Satria Energindo holds a 10% interest; and PT Satria Wijaya Kusuma holds the remaining 5% interest.SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.
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