Indonesia: Mitra Energy to Use Trident IX Rig for Mojo-1 Well Drilling

Mitra Energy (Indonesia Sibaru) Limited today took on contract the Trident IX drilling rig, owned by Transocean Offshore Drilling, to drill an exploration well, Mojo-1, in the Sibaru Block.

The Sibaru Block is located some 250 miles North of the Indonesian island of Bali. Spud of the well is expected within the next seven days.

Mitra Energy Limited (‘Mitra’) is a privately owned independent oil and gas exploration company focusing on the Asia-Pacific region. Since the company’s formation in mid-2005, its initial focus on Indonesia, the Philippines, Vietnam and Thailand has resulted in the acquisition of a number of high quality exploration assets. The company vision is to be the leading E & P independent in the region.

Mitra recognises that local representation is essential in building and maintaining partnerships in the region and, to this end, Mitra has established country offices in Jakarta and Ho Chi Minh City with representations in Manila, Singapore and Bangkok. The regional office in Kuala Lumpur identifies new venture opportunities and provides technical and managerial support to the assets.

The company has more than twenty professional staff, many with significant Asia-Pacific experience. It prides itself on its technical excellence, recognizing this as a key attribute for identifying, acquiring and maximizing the value of its exploration assets.

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Source: Mitra Energy Limited,July 23, 2010: