Serica readies to drill Dambus-1 at Kutai PSC offshore Indonesia

Source: Serica Energy

Serica Energy (LON:SQZ, TSX:SQZ) announces that on September 1 the Trident IX jackup drilling rig arrived on location for the Dambus-1 well in the Kutai PSC in the Mahakam Delta offshore East Kalimantan, Indonesia

The well will shortly be spudded and is targeting a sequence of stacked Miocene sands from 1,200 meters subsea to approximately 2,700 meters subsea with estimated gross mean prospective resources of 200 mmboe (60 mmboe net to Serica). 

Dambus-1 will be Serica's third exploration well in 2010, and the prospect is analogous to the nearby Serang field in which over 800 meters of gross pay sands were recorded. 

Water depth at the well location is 85 meters, and the well is expected to take approximately 40 days to complete. 

On completion of Dambus-1, the rig will then immediately move to commence operations at the Marindan exploration prospect in the southern part of the Kutai PSC. 

Serica is operator of the Kutai PSC and holds a 30% interest.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs