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Duyung PSC, Operational Update
Duyung PSC, Operational Update.
About this update from Coro Energy Plc
[{"type":"text","content":"\n \nRNS Number : 4088J Coro Energy PLC 19 August 2019 \n\n19 August 2019\nCoro Energy plc\n(\"Coro\" or the \"Company\")\nDuyung PSC, Operational Update\nCoro Energy plc, the Southeast Asian focused upstream oil and gas company, is pleased to provide an operational update in relation to the upcoming drilling campaign in the Duyung Production Sharing Contract (\"PSC\") in the West Natuna basin, offshore Indonesia, in which Coro holds a 15% non-operated interest.\nHighlights\n· Well planning complete and approved by Duyung PSC partners and the Indonesian authorities\n· Asian Endeavour 1 jack up rig contracted for the drilling campaign\n· A two well programme planned to i) test the Tambak exploration prospect and appraise the central area of the Mako gas field (Tambak-1) and ii) a large step out (over 13 km) to appraise the southern area of the Mako gas field (Tambak-2)\n· Rig mobilisation from Singapore to the first well location is anticipated in late September. A continuous drilling & testing programme is planned to last until end November.\nAs previously reported, the campaign will comprise two wells, one exploration well designed to test the Tambak prospect beneath the central area of the Mako gas field, and one appraisal well designed to primarily appraise the intra-Muda sandstone reservoir in the southern area of the Mako field, as well as gather stratigraphic information from the Lower Gabus interval. The Indonesian authorities have requested the naming convention Tambak-1 for the exploration & appraisal well and Tambak-2 for the appraisal well. The Asian Endeavour 1 jack up rig, owned by China Oilfield Services Limited (\"COSL\"), has been contracted for the drilling campaign.\nTambak-1\nThe Tambak-1 well will appraise the central area of the Mako field and will evaluate the intra-Muda sandstone reservoir of the Mako field, which is prognosed at a depth of approximately 385 metres below sea level. A full suite of wireline logs will be run before the well is deepened to test the Lower Gabus Tambak prospect beneath the base Muda unconformity. The well is expected to be drilled to a total depth (\"TD\") of approximately 1,370 metres sub-sea.\nThe Tambak prospect is a three way dip closed ...