SYDNEY (Yosefardi) – Cue Energy Resources Limited had on October 5, 2013 spudded the Naga Utara-2 well, located in the onshore portion of the Kutei Basin on the island of Kalimantan (Borneo).
The well is operated by SPC Mahakam Hilir Pte Ltd, a subsidiary of Singapore Petroleum Company Ltd.
The well is the third to be drilled by the Mahakam Hilir Joint Venture and will appraise the gas shows seen in Miocene-age sandstones at Naga Utara-1 which were not fully evaluated in the previous well due to mechanical problems.
Naga Utara-2 has a proposed TD of 2,068mMD (1,981mTVD) and drilling is expected to take approximately 62 days.