Indonesia: Niko sees efficiencies in modified semi

Niko Resources Ltd., Calgary, and Zaratex NV encountered no commercial reservoir at the Jayarani-1 exploratory well on the Lhokseumawe PSC offshore Aceh Province in western Indonesia.

Jayarani-1 went to a TD of 11,537 ft and penetrated the predrill geologic objectives of Oligo-Miocene Peutu and Cunda carbonates.

Niko will now move the Ocean Monarch semisubmersible to West Papua to drill the Ajek-1 exploratory  well on the Kofiau PSC, the first well to be drilled based on its patented SeaSeep technology, followed by the Cikar-1 well on the West Papua IV PSC and at least four other wells in the area. Partners in these wells include Hess Corp. on Ajek-1 and Statoil ASA on Cikar-1.

Niko’s Indonesia business plan has been to acquire a large number of PSCs in emerging exploratory trends, use advanced technology to develop a portfolio of high impact wells, execute leveraged farmouts, and target partners with worldwide deep water experience. Niko expects to benefit from economies of scale in drilling operations as well as increase the statistical likelihood of success.

Niko made a number of changes in the Ocean Monarch that have and will result in large time and cost savings. For example, due to reductions in the weight of materials and equipment on the rig, the time required for location moves could be reduced by more than 30%, Niko said.

Whitepapers

Pervasive Governance: Rethinking Traditional Approaches to Information Governance for Oil & Gas

Information is an organization’s most important strategic asset – the “lifeblood” of the organiza...

OSHA 1910.269 Are You Regulation Ready?

Read this Q&A to learn about changes to federal regulations and how to select FR garments for...

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New ...

On the Radar: EMC Supplier Exchange

This report addresses key issues for managers of complex contracts in energy and engineering. Thi...

Webcasts

Adding GPS vehicle management to your team

A GPS fleet management system can be a highly effective tool to help lower costs, improve productivity, and manage your vehicles more efficiently. But with many vendors and prod...
( 08/25/2015 / 12:00 PM Eastern Daylight Time / 11:00 AM Central Daylight Time / 09:00 AM Pacific Daylight Time / 16:00 GMT )
Sponsored by

Transforming the petroleum supply chain with the Internet of Things

The equipment involved in producing, moving, refining and selling petroleum is expensive, and rugged, and comes from hundreds of manufacturers. Enhanced by the Internet of Thing...
Sponsored by

Connected Decision-Making: Improving Asset Operations Through Comprehensive Information Management

Energy asset operators are faced with a paradigm today: increase efficiency and reliability levels while fighting to extend the lifespan of these aging asset. To meet these oppo...
Sponsored by