SINGAPORE (Yosefardi) – KM-607 well has commenced production at an average output of 220 barrels per day, boosting Kampung Minyak’s output to 360 barrels per day.
Mirach Energy Ltd informed market participants Monday that the cost of drilling and completing KM-607 is estimated at US$0.85 million.
The SGX-listed company said drilling and well perforations had also been completed at KM-603. Currently, well-testing is underway before recommendation for production. Total drilling and completion cost for KM-603 is estimated at US$0.6 million.
KM-603, KM-607, KM-61, and KM611 were the four wells that were approved for drilling by state-owned oil and gas company Pertamina.