Indonesia: new oil and gas discovery

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In 1885 the first oil discovery in Indonesia (when it was still the Dutch east Indies) made this country one of the most important oil producers in South East Asia. In 1962 it entered OPEC with great prospects for the future. However, in 2009, on account of considerable declines in production, it became one of only two countries to ever withdraw from the oil cartel.

Although this country is now known as coal, gas, coal-bed methane or biofuel producer and is turning to shale gas potential resources, there are still operations conducted in order to find oil and gas reservoirs. Premier Oil acquired its first operated acreage in Indonesia in 1996, it was called Natuna Sea Gas Project.

In April 2014 Premier Oil informed us about its newest discovery: 183ft of net oil-bearing reservoir and 327ft of net gas-bearing reservoir have been found in Tuna PSC offshore Indonesia. It is the area located on the east of Natuna Sea Gas Project, in the Natuna Sea, north of Indonesia.

The Kuda Laut-1 well has been drilled through Miocene sands within a four-way dip closure. Gas samples have been recovered and its gradients measured. The well is to be side-tracked to Singa Laut in order to drill an adjoining three-way dip closed structure with sandstone reservoirs in both the lower Miocene and Oligocene sections. It is estimated that by 2015 appraisal drilling to further assess the combined Singa Laut and Kuda Laut oil and gas resources will have been completed.

Andrew Lodge, Premier Oil exploration director, said: “Discovering oil at Kuda Laut is of particular significance and we now look forward to the results of Singa Laut”.

Sources: www.premier-oil.com, www.morningstar.co.uk, www.oilandgasiq.com

Photos: www.premier-oil.com

 

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