Gurame Drilling Proceeding According to Plan, MEO CEO Says (Indonesia)

October 1, 2012

MEO Australia Limited advises the following update in relation to the Gurame SE-1X well being drilled offshore North Sumatra in the Seruway PSC using the Hercules #208 drilling rig.

Since the last report, the 8 ½” precautionary pilot hole previously drilled to 202mMDRT (metres Measured Depth below Rotary Table) was opened to 26”, ahead of running and cementing 20” surface casing. Thereafter, a 16” hole has been drilled to 830mMDRT and 13 3/8″ casing has been run and cemented to 827.5mMDRT.

At 6:00am Jakarta time on 1st October, installing BOP (Blow Out Preventors) and preparing to pressure test BOP prior to commencing running in the 12 ¼” BHA (Bottom Hole Assembly), drilling out the 13 3/8” shoe cement and performing a LOT (Leak Off Test) before starting to drill ahead in 12 ¼ “ hole.

MEO’s CEO and MD Jürgen Hendrich commented on the announcement:

“Drilling is proceeding safely, without incident and according to plan. We look forward to the continuation of a safe and efficient drilling campaign to put the next section of the well behind casing before entering the first of the two reservoir objectives.”

[mappress]
Press Release, October 1, 2012