Page 12 - AsianOil Week 47

AsianOil
NEWS IN BRIEF
AsianOil
SOUTH ASIA
OIL Commences 2D vibroseis seismic survey
Oil India Limited, India’s second largest National Exploration & Production (E&P) Company announces the commencement of exploration activities including seismic survey data acquisition in Rajasthan’s Siyasar block RJ-ONHP-2017/9 won under OALP-I round, on 20.11.2019. The block falls under Bikaner and Ganganagar District of Rajasthan. With this, OIL becomes the first operator to begin the exploration activities under the committed work programme (CWP) in an OALP regime block in the country.
Ministry of Petroleum and Natural Gas (MoP&NG) under Government of India has undertaken wide gamut of path breaking reforms in the past five years in the E&P sector including Open Acreage Licensing Policy (OALP) along with the National Data Repository (NDR) being launched in June 2017. OIL has been awarded total of Twenty one (21) exploration blocks under OALP-I, II, III and IV rounds.
The revenue sharing contract of the above mentioned block was signed on 01.10.2018 while the Petroleum Exploration License (PEL) of the block was awarded by the Govt. of Rajasthan on 27.05.2019 for a period of 3 years.
OIL, November 20, 2019
Conrad Petroleum, the operator of Duyung PSC, is pleased to announce that it has successfully conducted a drill stem test (DST) at its Tambak-1 well.
The DST flowed dry gas from the intra- Muda sands at a rate of 11.4 MMcf/day on a 181/64-inch (2.8 inches) choke, maintaining a wellhead tubing pressure of 225psi. The DST of the Tambak-1 well was completed with cased hole perforations along with a 6-foot interval.
The DST demonstrates that this completion method is viable, has resulted in the maximum flow rate mentioned above, again confirming the deliverability of the Mako reservoir. Cased hole perforation is simpler and a more cost-efficient completion method than the open-hole screen completion used to successfully test the Mako South-1 well (located 4.9 km from Tambak-1) in June 2017.
Tambak-1 encountered a very well- developed 56 feet thick sand package of high permeability and good porosity, significantly thicker than the 33 feet of pay discovered in Mako South-1.
The Tambak-1 well intersected the intra- Muda reservoir (Mako gas field) at a depth
of 1,276 feet sub-sea, and Conrad recovered
a full suite of wireline logs, together with a pressure survey and fluid and gas samples. With the better-than-expected flow test, the data confirmed that the Mako gas field is a very large (350 km2), an aerially extensive “single tank” field, supporting the conclusions from the recently drilled Tambak-2 well, over 17 km from Tambak-1.
Tambak-1 was designed to appraise the northeast flank of the Mako gas field and
to explore the lower Gabus formation at approximately 5,063 feet subsea, directly below the Mako gas field. Several stacked sands with strong gas shows were encountered within the Lower Gabus formation as prognosed. Results of wireline logging, pressure tests, and hydrocarbon samples throughout the formation have established that the reservoirs are not commercial. However, the exploration results provide further evidence of an active petroleum
system, which is encouraging for future exploration upside within the Duyung PSC.
The Tambak-1 well is currently being plugged and abandoned, prior to the COSL Asian Endeavour 1 rig being demobilized. CONRAD PETROLEUM, November 22, 2019
EAST ASIA
NYK agrees to energy
transportation MoU with
Pertamina
On November 20, NYK and PT Pertamina International Shipping (PIS), a wholly owned subsidiary of PT Pertamina (Persero) (“Pertamina”), an Indonesian state-owned oil and gas company, agreed to a memorandum of understanding (MoU) for energy transportation.
The demand for energy transportation, especially liquefied natural gas (LNG),
is expected to increase in Indonesia. To address this demand, Pertamina, the largest oil and natural gas corporation in the state, and NYK, a shipping company having considerable experience with the ownership and shipmanagement of vessels, have agreed to collaborate.
This agreement positions the two companies as strategic partners in energy transportation and covers ownership and management. The companies have already started discussions concerning a detailed joint business, particularly involving the ownership and management of LNG carriers as exclusive partners.
In accordance with its new medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” NYK will continue its efforts to secure stable-freight-rate businesses and contribute to reliable energy supplies through safe transportation.
NYK, November 22, 2019
OCEANIA
Key Petroleum announces permit renewals
Key Petroleum, the operator of ATP 920 (containing the Ace Prospect) and ATP 924 have announced that the permits have been renewed for four years to 2023.
The relevant commitments for each ATP that need to be completed within the four year period include:
ATP 920 (PCL earning 20%) Geological
SOUTHEAST ASIA
Conrad announces successful DST at Tambak-1
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Week 47 27•November•2019