Congrats ya...
On 9 Oct 2015 07:59, "Parvita Siregar" <parvita.sire...@awexplore.com>
wrote:

> Selamat ya, teman2 di Saka.   Great news for Ngimbang Formation
> exploration.
>
>
>
> Oil & Gas News
>
> *Saka discovers 300 million barrels of oil in Pangkah*
>
> Thursday, October 08, 2015 - 06:15PM GMT+7
>
> By Febry Silaban
>
> PT Saka Energi Indonesia, a subsidiary of state-owned PT Perusahaan Gas
> Negara (PGN), made a significant discovery during exploration in Pangkah
> PSC offshore East Java with preliminary study revealing the reserve amounts
> to 300 million barrels of oil.
>
> "The new reserve was discovered during the drilling of the Sidayu-3
> exploration well on Aug. 17, 2015 using COSL rig," Chief Operating Officer
> Tumbur Parlindungan said in Jakarta.
>
> He said, the first Drill Stem Test (DST-1) within the Ngimbang carbonate
> reservoir over the intervals 7225'-7235' and 7265'-7310' produced in 1,800
> bopd at 28/64" choke with WHP 901 psi, GOR 766 scf/stb, BSW 0% and API
> gravity of 37.5o.
>
> "All of oil production from the Sidayu field will likely be exported," he
> said, adding that the reserve is so far estimated at about 300 million
> barrels of oil.
>
> The Sidayu discovery is the latest in the string of success made by the
> firm during exploration in recent years. Five months ago, the firm also
> announced the discovery of gas at the SIS-A#1 wildcat well in South Sesulu
> block, offshore East Kalimantan.
>
> "The success increases our confidence it is still possible to find
> significant oil and gas reserves in Indonesia. Hopefully, despite the
> current oil and gas industry downturn, the success of Saka could trigger
> sustainable exploration efforts in the country," he said.
>
> The Pangkah block, located off the northeast coast of Java, is 100 percent
> owned by Saka. The firm bought out the block from American firm Hess Corp
> in two transactions worth US$915 million executed in 2013 and 2014.
>
> Editing by Johannes Simbolon
>
>
>
>
>
> *PARVITA SIREGAR** |* SENIOR GEOLOGIST | AWE (NORTH MADURA) NZ LTD | AWE
> LIMITED
> ------------------------------
>
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