SINGAPORE (Yosefardi) – RH Petrogas Limited said its wholly owned subsidiaries Petrogas (Island) Ltd. (PIL) and RHP Salawati Island B.V.(RHPSI), have Thursday (Sep 5) commenced drilling of the Zircon-1 exploration well using the Bohai-8 jack-up rig in the offshore area of the Salawati Kepala Burung PSC (Island PSC), West Papua.
Located in water depth of 32 meters, the well is planned to reach a total vertical measured depth of 1,205 meters. It is anticipated that drilling of the well will take approximately 14 days. The well is the first of a multi-well high impact drilling program to be drilled in the offshore area of the Island PSC.
The Zircon prospect was high-graded for drilling after conducting a 450 km2 3D seismic survey in 2010.
Zircon-1 is located 4.3 km southwest of the Koi-1 discovery (“Koi-1”). Koi-1 was drilled in the year 2000 and the well flowed 980 BOPD (barrels of oil per day) and 2.7 MMSCFD (million standard cubic feet per day) of gas through a drill stem test from the Miocene Kais limestone.
Depending on the results of Zircon-1 and Koi-2, three additional wells may be drilled to further appraise the discoveries.
RH Petrogas Limited through PIL and RHPSI has an aggregate 33.21% working interest in the Island PSC. The Island PSC covers an area of 1,097 km2. The other partners in the Island PSC are PetroChina International Kepala Burung Ltd. (16.79%) and PT Pertamina Hulu Energi Salawati (50%).
The Island PSC is operated by JOB Pertamina-PetroChina Salawati, which is a joint operating body formed between Pertamina and PetroChina. The consortium, as contractor of Indonesian government operating under the supervision of SKK Migas (Satuan Kerja Khusus Minyak dan Gas), has actively explored and produced oil and gas in the working area.