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Seismic Acquisition to Commence in South Block A PSC

Source: www.gulfoilandgas.com 2/19/2013, Location: Asia

Raisama Energy Limited, through its subsidiary Renco Elang Energy Pte Ltd ('REE') which is the Operator of the South Block A PSC ('SBA'), has entered into a Letter of Intent with PT. Quest Geophysical Asia to conduct 170km of seismic acquisition on SBA.

Field operations are anticipated to commence in March 2013. Acquisition is scheduled to take approximately 4 months with results due in August/September this year.

The seismic program has been designed to mature REE's inventory of leads and prospects, with drilling expected to commence early next year.

Raisama Managing Director, Jeff Steketee, said "The commencement of our seismic program on SBA progresses the work program for this important project. The PSC is located within a petroleum system containing an abundance of oil and gas near existing downstream infrastructure. Indonesia's growing demand for oil and gas in the face of an undersupplied market will create significant possibilities for the SBA joint venture upon the discovery of commercial hydrocarbon accumulations within SBA.'

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Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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