Energy News. JAKARTA, Indonesia Today -
Pan Orient, a Canadian-based company, expects to accomplish drilling of
Jatayu-1 exploration well at Citarum production sharing contract (PSC),
West Java in three weeks time.
Pan
Orient, owner of 77% working interest and operator of the block, told
stock market authorities Tuesday (April 17) that the Jatayu-1
exploration well commenced drilling on February 15, 2011.
“The
well is currently drilling ahead at a depth of 1,183 meters TVD towards
a limestone reservoir objective estimated at 2,200 meters depth TVD.
The upper 800 meters of the well penetrated a very thick volcanic
clastic section resulting in very low penetration rates. Drilling is
anticipated to be completed within the next 21 days,” the company said.
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