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Singapore Petroleum Spuds Naga Utara-2 Well

Source: www.gulfoilandgas.com 10/7/2013, Location: Asia

JV partner Cue Energy Resources has advised that the Naga Utara-2 well spudded on 5th October 2013. The well site is located in the onshore portion of the Kutei Basin on the island of Kalimantan (Borneo), approx. 10 km NE of the town of Samarinda. The well is operated by SPC Mahakam Hilir Pte Ltd, a subsidiary of Singapore Petroleum Company.

The well is the third to be drilled by the Mahakam Hilir Joint Venture and will appraise the gas shows seen in Miocene-age sandstones at Naga Utara-1 which were not fully evaluated in the previous well due to mechanical problems. The well will then be deepened to evaluate additional reservoir objectives. The well is being drilled from the same pad as Naga Utara-1 to a target location approx. 475m north of the earlier well. Naga Utara-2 has a proposed TD of 2,068mMD (1,981mTVD) and drilling is expected to take approx. 62 days.

Cue will provide weekly progress reports during the drilling of Naga Utara-2. Participating interests in the Mahakam Hilir PSC are as follows: Cue Mahakam Hilir Pty Ltd 40%; SPC Mahakam Hilir Pte Ltd 60% (Operator).

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