| Medco can add new oil reserves |
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| Friday, 23 July 2010 10:50 | |||||||
Page 1 of 2 JAKARTA: PT Medco Energi Internasional Tbk is likely to be able to add new reserves dituntaskannya immediately following the drilling test wells on the structure of the newly completed 2001 drilling.
Project Director of Medco Energi Mahfoedz Lukman said today the company has recently completed an exploration drilling a new structure called the structure in 2001. Test wells the final stage, he said, was done on the wells with excellent results. "It's going to be able to add oil reserves are found. The full results will be presented in the near future, "he told Business Today. Lukman said the drilling was part of an investment plan for this year reached U.S. $ 78.5 million. He explained the funds had been due to be used to drill three exploratory wells, three test wells and two appraisal wells. "Now within 3 months from 1 April as a service we have completed three exploration wells and one ui. The second exploration well is being implemented, "he said. Medco Energi, he said, using two rigs for drilling activities in Libya with the depth of drilling to a depth of 10,000 feet. In Libya, he said, the current Medco and Verenex Energy has successfully held a drill earlier in the fastest time by an average of about 40 days. "We can conduct these activities at lower costs and health and safety record is very good environment," he explained By: Rudi Arifianto [bisnis.com]
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