News listings

energy-pedia exploration

Indonesia flagIndonesia

Central & SE Asia / Australasia >>> Indonesia

Indonesia: Coro Energy's Tambak-1 well successfully appraises Mako gas field


13 Nov 2019

Photo - see caption

Coro Energy has provided an operational update in relation to the drilling campaign in the Duyung Production Sharing Contract ('PSC') in the West Natuna basin, offshore Indonesia, in which Coro holds a 15% interest.

Tambak-1, located approx. 4.5 km north of the Mako South-1 well, has been drilled to an intermediate depth of 513 metres true vertical depth sub-sea ('TVDSS'). The well has intersected the intra-Muda reservoir of the Mako field and a full suite of wireline logs have been acquired together with a pressure survey and extensive fluid and gas samples recovered. These data have established the well as a successful appraisal of the Mako gas field and confirm the large, areally extensive single tank model for the field.

Highlights

  • Top reservoir depth came in at circa 389 metres TVDSS as predicted
  • A very well developed upper sandstone unit of approximately 5.2 metres with wireline logs showing excellent porosity & permeabilities
  • The well encountered a much better developed intra-Muda sand package than expected. In addition to the upper unit, a thick, lower sandstone unit of almost 20 metres was found, providing an overall gross thickness of approximately 25 metres of intra-Muda sandstone, compared to a 7.3 metre reservoir sandstone seen in Mako South-1, providing volumetric upside potential for the field
  • Pressure data confirm the same pressure system as Mako South-1 and Tambak-2
  • Gas samples recovered from the reservoir confirm gas composition as seen in Mako South-1
  • Gas-water contact found in the main upper sandstone unit circa 1.5 metres deeper than Mako South-1 and Tambak-2
Photo - see caption

As previously reported, the Tambak-1 well is designed as both an appraisal of the northeast flank of the Mako gas field as well as an exploration test of the Tambak prospect. An independent review by Gaffney Cline & Associates had previously ascribed gross 2C resources of 276 Bcf (48.78 MMboe) of recoverable dry gas in the Mako field with gross 3C resources of 392 Bcf (69.3 MMboe) representing additional field upside.

Coro management estimate that an increase in 2C resources of circa 100 Bcf is justified from the results of the successful appraisal drilling in both Tambak-1 and -2, representing a very significant value addition.

As a next step, the well will be drilled to a total depth of approx. 1,370 metres TVDSS in order to test the potential of the deeper Tambak prospect. Coro estimate Tambak as having a mid-case prospective resource potential of 250 Bcf and a geological chance of success of 45%.  The Tambak-1 well is planned to be plugged and abandoned once operations are complete.

Further announcements will be made, as appropriate. Coro remains fully funded for its share of costs associated with the drilling campaign.

he JV partners in the Duyung PSC are: Conrad Petroleum (Operator) 76.5%; Coro Enegy 15%; Empyrean Energy 8.5%.

Original article link

Source: Coro Energy





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current deals: 1707
Completed deals: 5265

Company Profiles

Current Company Profiles: 2650

Corporate Activity

Current Corporate Activity articles: 3357

Companies Looking

Current number of articles: 428

Company Sales

Current Company Sales articles:1382

Geostudies

Current Geostudies articles: 659

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Bayphase
Union Jack Oil 149
SLR Consulting logo
energy365
count geophysics
Rose & Assocs 149
KL Publishing
Government of South Australia
Geoespace
OPC
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com