Serica to Spin Bit Offshore Indonesia

The Trident IX jackup has arrived on location at the Dambus-1 well in the Kutai PSC in the Mahakam Delta offshore East Kalimantan, Indonesia. The well is targeting a sequence of stacked Miocene sands from 3,937 feet (1,200 meters) to about 8,858 feet (2,700 meters) subsea with estimated gross mean prospective resources of 200 MMboe. The water depth of the area is 279 feet (85 meters), and drilling of the well should take about 40 days to complete. Serica serves as the operator of the Kutai PSC, owning a 30% interest.