Medco group to test North Sumatra gas find - Wires | Company data
(The Insider Stories) – A consortium led by PT Medco Energi International (MEDC) plans to test an indicated gas discovery on Block A Aceh in North Sumatra, wire services report.
The Matang-1 exploratory well has been drilled to 7,893 ft true vertical depth and penetrated a gross gas column of at least 90 ft in the Oligo-Miocene Upper Bampo limestone formation, the primary reservoir target. The base of the gas column has not been encountered, according to the report.
While drilling the primary reservoir target, losses into the formation and gas influx into the well occurred. As a result, Medco chose to suspend the well and to test the reservoir interval drilled to date to obtain flow rate and gas quality information.
Medco and Premier Oil (PMO) are reported to have 41.67% each in in Block A Aceh while Japan Petroleum Exploration Co. Ltd. has 16.66%.
