Gulf Oil and Gas accountACCOUNT

CITIC Resources announces a significant oil discovery in Oseil Oilfield, Indonesia

Source: www.gulfoilandgas.com 5/22/2008, Location: Asia

CITIC Resources Holdings Limited announced the discovery of the Lower Nief and Manusela carbonate oil reservoirs at the Nief Utara A-1 drilling well located at Seram Island in Indonesia. Lower Nief oil reservoir is the first discovery in the region. The Original Oil in Place (OOIP) of the Nief Utara A-1 drilling well is over 60 million barrels. Thus, the current total Original Oil in Place exceeds 123.6 million barrels.

The Nief Utara A-1 well’s drilling prospect (Nief Utara A prospect) covers an area of approximately 4 square kilometer; Original Oil in Place is over 60 million barrels and the 3P recoverable reserves exceed 18 million barrels (Recoverable reserves of P1+P2 are approximately 6 million barrels). With more drilling activities going on, it is expected to see an increase in P1+P2 recoverable reserves. According to Schlumberger, an internationally renowned logging company, Lower Nief is an oil reservoir mainly composed of substrates with an average porosity of 5% and the effective thickness of the oil reservoir is close to 400 ft; as for Manusela, which has substrate and cleft stores oil, has an average porosity of 7% and the effective thickness of the oil reservoir is above 200 ft. Manusela made the initial test production in early May, under the 250 Psi draw down pressure, it produced about 700 barrels per day (excluding water).

Nief Utara A prospect is the first prospect being explored in the Seram Island Non-Bula Block with 5 other prospects remain unexplored. The Group plans to drill two more drilling wells and 2 exploration wells this year. The second Nief Utara A-2 well has been drilled on 19 May. The group will also conduct new 2D seismic data collection project, which is believed to provide more exploration targets.

Exploration News in Indonesia >>

Sierra Leone >>  5/23/2019 - Mr Timothy Kabba, Director General of the Petroleum Directorate of Sierra Leone has announced on behalf of the country’s Government, the reopening of ...
Russia >>  5/17/2019 - The Federal Agency for Mineral Resources approved the expert opinions of the State Reserves Commission with regard to the discovery by Gazprom of new ...

Angola >>  5/14/2019 - After Kalimba, Afoxé and Agogo, the Ndungu discovery further demonstrates the exploration potential contained in the block’s deeper geological sequenc...
Nigeria >>  5/14/2019 - Lekoil, the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, announces that further to the anno...

Ghana >>  5/9/2019 - Eni announces a gas and condensate discovery in CTP-Block 4, offshore Ghana. The well, drilled on the Akoma exploration prospect, proved an estimated ...
Uganda >>  5/9/2019 - Uganda has launched a second round of competitive bidding for five oil exploration blocks in the west of the country, where it has already discovered ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Indonesia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |

More News

Related Links

AZ BD BN CN GE HK ID IN IR JP KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.