SINGAPORE (Yosefardi) – Goldwater TMT Pte Ltd, subsidiary of Interra Resources Ltd, has commenced drilling of development well TMT-59 at the Tanjung Miring Timur field in South Sumatra, Indonesia.
“TMT-59 is being drilled in the east central portion of the field to a proposed depth of 1,250 meters,” Interra said today.
TMT-59 is the fourth and final development well to be drilled in the 2013 drilling program using an externally contracted rig. “Significant delays have been encountered due to sever surface conditions caused by flooding, which has made heavy equipment movement extremely difficult,” Interra argued.
Goldwater TMT holds 100% working interest in the Technical Assistance Contract (TAC). Interra estimates that the results of the drilling should be available in around eight weeks.