Pearl Oil Preps to Drill Ahead Offshore Indonesia
The Liyun-1 well has reached a depth of 5,436 feet (1,657 meters), and drilling is still in progress. It is anticipated that the target reservoir in the Kunung-1 formation will be intersected in the coming week. The well has a planned total depth of about 8,432 feet (2,570 meters). Liyun-1 is an exploration well in the Bulu Production Sharing Contract, located in the East Java Basin, offshore Indonesia in a water depth of 180 feet (55 meters). Pearl Oil is the operator of the Bulu Production Sharing Contract, holding a 42.5% interest; AWE 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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