Salamander Starts Drilling Campaign in Nort Kutei Basin (Indonesia)
- Business & Finance
Salamander today announced the start of its exploration drilling programme in the North Kutei basin, East Kalimantan, Indonesia with the spudding of the South Kecapi-1 DIR and DIRA exploration wells in the Bontang PSC.
Salamander has a 100% operated interest in the Bontang PSC.
The South Kecapi-1 DIR well will be drilled to a depth of approximately 2,450 metres total vertical depth sub sea (‘TVDSS’). On completion it will then be sidetracked approximately 1.5 km to the west with the South Kecapi-1 DIRA being drilled to a depth of approximately 2,100 metres TVDSS. The South Kecapi-1 DIR/DIRA wells are targeting gas and oil pay in a series of stacked Pliocene – Upper Miocene sandstone reservoirs. The combined mean pre-drill estimate of prospective recoverable resources is approximately 275 Bcf and 20 MMbo.
The wells will be drilled by the Ocean General semi-submersible rig in a water depth of 388 metres. On completion of the South Kecapi-1 DIR/DIRA wells the rig will move to the South East Sangatta PSC to test the North Kendang prospect.
Press Release, December 10, 2012