West Natuna Basin Appraisal Drilling Results Reported by Conrad Petroleum
Drilling Activity Details
Indonesia
Drilling Activity Summary
Description
Conrad Petroleum announced results from its appraisal drilling campaign in the Duyung Production Sharing Contract in the West Natuna Basin offshore Indonesia. An exploratory well, #1-Tambak, which is about 4.5 km north of #1-Mako South, was drilled to a true vertical depth of 513 m and intersected the Intra-Muda reservoir of Mako Field. According to the company, the venture encountered an upper sandstone unit of approximately 5.2 m, a lower sandstone unit of almost 20 m with an overall gross thickness of approximately 25 m of Intra-Muda Sandstone. Pressure data indicates it is in the same pressure system as previously drilled #1-Mako South with similar gas composition. An independent assessment of the field indicated a gross 2-C resource of 276 Bcf of recoverable dry gas in the field, with gross 3-C resources of 392 Bcf of additional field upside. The JV partners are Singapore-based Conrad Petroleum (76.5%), Coro Energy (15%) and Empyrean Energy (8.5%).
Conrad Petroleum announced results from its appraisal drilling campaign in the Duyung Production Sharing Contract in the West Natuna Basin offshore Indonesia. An exploratory well, #1-Tambak, which is about 4.5 km north of #1-Mako South, was drilled to a true vertical depth of 513 m and intersected the Intra-Muda reservoir of Mako Field. According to the company, the venture encountered an upper sandstone unit of approximately 5.2 m, a lower sandstone unit of almost 20 m with an overall gross thickness of approximately 25 m of Intra-Muda Sandstone. Pressure data indicates it is in the same pressure system as previously drilled #1-Mako South with similar gas composition. An independent assessment of the field indicated a gross 2-C resource of 276 Bcf of recoverable dry gas in the field, with gross 3-C resources of 392 Bcf of additional field upside. The JV partners are Singapore-based Conrad Petroleum (76.5%), Coro Energy (15%) and Empyrean Energy (8.5%).