Editor: Priyambodo RH COPYRIGHT © 2011
Bojonegoro, East Java - Jakarta Forum - Mobil Cepu Limited (MCL) president Terry S. McPhail said the company had discovered potential new oil reserves in the Kedung Keris field in the Cepu Block, Sukoharjom, Kalitidu, Bojonegoro, East Java.
"The discovery in Kedung Keris will add significantly to the 450 million barrels expected to be produced by the full exploitation of the Cepu BLock," he said in a press release on Monday.
Terry said "the similarity with other fields in the Cepu Block confirms our exploration strategy in the block. In addition to it, its vicinity to the Banyu Urip field makes for a good integration opportunity for the development of the new discovery."
Based on available data, the drilling at Kedung Keris-1 was done to a depth of 7,032 feet (2,143 meters). The well is close to a 561 feet (171 meters) thick oil layer in the targeted carbonate zone.
The well is located 14 kilometers from the Banyu Urip field in Mojodelik, Ngasem district, Bojonegoro, East Java, discovered in 2001.
"The drilling activities have been completed without vocational, health or environmental accidents," he said.
He said in the next few months data from the Kedung Keris-1 field would be analyzed to assure the full potential of the reserve.
Mobil Ceput Ltd. is the operator of Cepu Block. Mobil Cepu Ltd and Ampolex PTE Ltd. are both subsidiaries of Exxom Mobil Corporation that hold 45 percent shares in Cepu Block along with PT Pertamina E Cepu that holds 45 percent shares and the Cepu Block Cooperation Board that holds 10 percent shares.
"Earlier the company has also discovered four gas reserves in Cepu Block since exploration was started in 1999," he said.
On a separate occasion Mobil Cepu Ltd. public government affairs official Rexy Mawardijaya confirmed the discovery of oil reserves in Kedungkeris, Sukoharjo in the sub-district of Kalitidu. "All the data are still being studied to assure its real potential," he said.
Cepu Block itself is currently still producing around 20,000 barrels a day from four wells in the Banyu Urip field. Most of the production has so far been sent through a pipeline to Tuban while around 5,000 barrels are processed in a mini-refinery in Sumengko village in Kalitidu.
Oil production in Cepu Block is expected to reach 165,000 barrels per day by 2013 from 49 wells namely 36 production wells and the rest water and gas injection wells. (Uu.H-YH/HAJM/A014)
Jakarta Forum -
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