SKK Migas KUFPEC monitoringoil.com - Kuwaiti oil exploration company K.S.C.C. (KUFPEC) through a company operating in Indonesia, the Cooperation Contract Contractor (KKKS) KUFPEC Indonesia (Anambas) BV (KUFFPEC Indonesia) which has a contract with the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas), has discovered oil and gas reserves new.
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| Blogger Agus Purnomo in SKK Migas |
This is based on the results of drill stem tests conducted at the Anambas-2X exploration well in the Anambas Block, Natuna Sea, off the coast of Indonesia.
The block is operated by KUFPEC Indonesia (Anambas) B.V. (KUFPEC Indonesia), with KUFPEC Indonesia holding all 100% of participating rights. As part of the drilling program, KUFPEC Indonesia conducted five drill stem tests in Gabus Bawah, Intra Keras, and Arang Formation.
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| KUFPEC |
This test resulted in a stable combined flow rate of 40 million cubic feet of natural gas (MMscfd) and 1,240 stb/d of condensate. The results of the well-deepening program also reflect the positive side of the well's original purpose and identify potential opportunities for further exploration in the deeper formations.
This exciting discovery marks the first operational offshore exploration discovery for KUFPEC and demonstrates KUFPEC's growth and potential as an operator of offshore oil and gas projects in accordance with the KUFPEC 2040 strategy.
The well was drilled at a depth of 288 feet, using a jack-up rig to reach a total depth of 10,509 feet. SKK Migas Deputy for Planning Benny Lubiantara expressed his appreciation for the discovery of the Anambas-2X exploration drilling well operated by KUFFEC Indonesia.
“This discovery shows that the oil and gas potential in Indonesia is still promising. The discovery of oil and gas reserves by KUFFEC Indonesia is the second discovery of drilling results in 2022, after previously in January 2022, new oil and gas reserves were also found in the Mahakam block by other KKKS," said Benny in a release in Jakarta.
“The discovery of exploration wells by foreign companies from Kuwait shows that Indonesia's oil and gas potential is still attractive in the eyes of international investors. We hope that this discovery will encourage international oil companies (IOCs) to invest in Indonesia,” said Benny
Investor Daily, Page-9, Saturday, Feb 12, 2022
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