KrisEnergy spudded the Mustika-1 exploration well in the East Java Sea, marking the beginning of its operated Satki production sharing contract (PSC).
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Image from KrisEnergy. |
Mustika-1, which is targeting the Kujung I formation, is planned to reach a total measured depth at 3100ft (945m), or 3000ft total vertical depth subsea. The location of the well is based on the interpretation of the 1202km 2D and 401sq km 3D seismic data acquired by KrisEnergy in 2014.
The Sakti PSC block covers 4974sq km in the East Java Sea over the western margin of the East Java Basin, Bawean Arch and the Muriah Trough, at 50-60m water depth.
KS Drilling’s KS Java Star jackup rig commenced drilling, which is expected to take approximately 20 days.
KrisEnergy is also the operator of the Bulu PSC, which is adjacent to the Sakti PSC and contains the Lengo gas discovery for which the company received approval for its plan of development in December 2014.
“The decision to drill Mustika-1 at this time comes as we are finalizing project details for the Lengo development. This prospect is 10km west of Lengo and, if successful, we would look at producing Sakti gas through the Lengo facilities,” Chris Gibson-Robinson, KrisEnergy director exploration and production said.
Front-end engineering design for the Lengo development was completed in Q3 2015. Gas sales negotiations are ongoing and preparations are underway to tender the contract for engineering, procurement, construction and installation.
KrisEnergy was awarded as the operator a 95% working interest in the Sakti PSC in February 2014. Golden Heaven Jaya holds the remaining 5% working interest.
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