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Empyrean Provides Mako South-1 Well Drilling and Tes/ng Update

Source: www.gulfoilandgas.com 6/26/2017, Location: Asia

Empyrean, the oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce that it has been advised by the operator of the Duyung PSC in the Natuna Basin Offshore Indonesia, Conrad Petroleum ("Conrad") that the Mako South-1 well has reached its planned Total Depth ("TD"). Coring and logging is completed and tes,ng is underway.

Since the 21 June 2017 update, drilling opera,ons to acquire a conven,onal core of the target zone of interest was successful with approximately 99% recovery. Following the recovery of core, the well was drilled to its planned TD of 1,707 feet. Hepta Combo logs were then successfully run. Subsequently, MDT logs were successfully run. The well is currently undergoing a Drill Stem Test ("DST") to establish an indica,ve flow rate. Further updates will be made once a stabilized flow rate including gas quality and pressure data has been acquired.

Prior to the DST, interpreta,on of the logs established 23 feet of net gas pay from the main target, the Upper Intra Muda Sands. Importantly, the logs are exhibi,ng be:er porosity, permeability and gas satura,on than originally modelled.

Further work will now be carried out on the core and it is likely that as previously planned, a 3D seismic survey over the discovery will be carried out to obtain a be:er understanding of the reservoir size and characteriscs.

Tom Kelly, Empyrean CEO, commented:

"Whilst we have further work to do at Mako to determine the overall size of the potential gas accumulation, mpyrean is extremely pleased that our aggressive exploration programme has kicked off with great success. We have a gas discovery with excellent reservoir quality here at the Mako South-1 well location, our first exploration well since we have re-established Empyrean with excting new assets. Empyrean has set out to build a core por(olio of potentially transformational exploration assets in prolific hydrocarbon basins, close to infrastructure and energy hungry markets. We have achieved this first stage of our strategy in a relatively short time frame, and now we have our first exploration success with many more chances to come in the near-term. Mr Frank Brophy and Mr Gaz Bisht must be commended for their efforts in this regard. In relation to our opportunity at the Duyung PSC, in Indonesia, we commend the operator Conrad Petroleum for their professional approach, planning and execution thus far of the Mako South-1 drilling and testing programme. They have exceeded our expectations with regards to meframes while keeping to budget. These are certainly exciting mes for Empyrean and its joint venture partners. We look forward to providing further updates on testing in the short term."

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Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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