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

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs