Saturday , 4 July 2015
Pipeline Technology
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Cooper Energy’s production in Indonesia’s fields increases

JAKARTA (rambuenergy.com) – Cooper Energy Limited, Australian listed oil and gas company, said its share of production from the Sukananti KSO, South Sumatera reached 180 barrels of oil per day (bopd) or 16.5 kbbl, representing an increase of 14 percent above the previous quarter’s 145 bopd (14.4 kbbl).

Cooper Energy holds 55 percent in the Sukananti KSO and also acting as operator, while the remaining interest (45 percent) is held by Mega Adhyaksa Pratama Sukananti Ltd.

“This is the highest quarterly production achieved in Cooper Energy’s tenure and represents a six-fold increase on the production rate recorded prior to the licence being shut-in by the previous Operator,” the company said.

As for exploration activities, the company has started a development drilling program in the Sukananti KSO on Dec. 31, 2014 with the spudding of Bunian-3. The well’s primary target is the Talang Akar Formation TRM-3 sand, which is currently producing approximately 200 bopd and has cumulatively produced 960,000 bbl oil from Bunian-1.

Bunian-3 is located approximately 730 metres south-west of Bunian-1.

On completion of Bunian-3 the drilling rig will move to the Tangai-5 well site. Bunian-4 is a contingent well that may follow Tangai-5 dependent upon the results from Bunian-3, it said.

In addition, the company said interpretation of the 257 km, 2D seismic survey acquired in the Sumbagsel PSC (Cooper Energy 100 percent) is complete. The survey delineated a number of leads and identified some new targets for future evaluation.

Interpretation of 1,490 km of reprocessed 2D seismic data from the Merangin III PSC (Cooper Energy 100 percent) is complete. This work will highgrade areas of the permit for future seismic acquisition.

Cooper Energy said a process to farm out equity in the Sumbagsel and Merangin III exploration permits continued during the December quarter with a number of interested parties reviewing the assets.

Discussion with interested parties will continue into the current quarter, but the company gave no further details.

“Our work in Indonesia continues to yield gains, with the most recent being record quarterly production. Further production growth in Indonesia is being targeted over the balance of the 2015 financial year from the drilling program currently underway,” Cooper Energy’s Managing Director David Maxwell said.  (*)

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