Indonesia: Multiblock drilling planned in 2011-12

By OGJ editors
– Niko Resources Ltd., Calgary, has indicated that it plans a 14-16-well exploratory drilling program on the 14 blocks is holds in Indonesia.

An activity chart on Niko’s website indicates that seismic processing and interpretation will take place in 2011 with drilling to follow in 2012.

In January 2011, Repsol Exploracion SA took stakes in Niko’s East Bula and Seram production sharing contracts. Niko will operate with 55% and Repsol will have 45% on each block. Niko has completed a 4,760 km 2D seismic survey and a 200 sq km 3D survey.

Repsol and Niko are also joint venture partners in three blocks awarded in 2010: Cendrawasih Bay II, III, and IV. Niko as operator of Cendrawasih Bay III and IV has completed a 5,240 km 2D seismic survey.

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