Salamander Makes O&G Discovery Offshore Indonesia

Salamander Energy announces that the South Kecapi-1 DIR/ST exploration well (“SK-1”) in the Bontang PSC in Indonesia has been completed as an oil and gas discovery.

South Kecapi is the first well in Salamander’s multi-well programme in the North Kutei basin. SK-1 discovered a combined 40 m of net oil and gas pay in high quality stacked Pliocene channel sandstones. A drill stem test (“DST”) was conducted within one of the well’s primary targets; a well-developed, Pliocene-age channel sandstone, which flowed light oil at a rate of c. 6,000 barrels of oil per day (constrained by testing equipment) and 8 MMscf per day of gas. The well is being plugged and abandoned as an oil and gas discovery.

SK-1 was drilled using the Ocean General semi-submersible rig (photo), reaching a total depth (“TD”) of 2,102 m true vertical depth sub-sea (“TVDSS”). Higher pressures than anticipated and numerous gas kicks were encountered throughout the early Pliocene section which is believed to be indicative of a hydrocarbon-charging system that is extremely active.

[mappress]
February 4, 2013