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Andalas Energy & Power Provides Operations Update on Betun Selo KSO

Source: www.gulfoilandgas.com 9/27/2019, Location: Asia

Andalas Energy and Power has announced an operations update on the Betun Selo KSO, in which it has a production interest further to the agreement announced on 21 June 2019. The Company is currently undertaking a 4-well workover programme on the project.

- Workover of the BTN 03 well has commenced. All permits have been received from Pertamina and SKKMIGAS. - Commissioning of the new water injection pump is ongoing. A further announcement will be made once this is in operation and production across the 4 wells is at a stabilised level.

Andalas Energy, CEO, Simon Gorringe said: 'We are pleased with the progresss at Betun Selo especially now that we have secured all of the permits for BTN 03 and have commenced the workover. We look forward to combining the production from BTN 03 with the other 3-wells plus the yet to be commissioned water injection pump to enable us to reach and, I hope,exceed our target production rate of 150 bopd (gross).'

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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