- Drilling has commenced at the PC-01 exploration well located in the Mahato PSC, Central Sumatra, Indonesia
- Primary target is the Bekasap Sandstone reservoir, the oil producing reservoir in the existing, developed PB oilfield in the Mahato PSC
JV partner Cue Energy reports that Texcal Energy has spudded the PSC PC-01 exploration well in the Mahato PSC in Central Sumatra, Indonesia.
The well was spud on the 4 November 2024 and is expected to reach a depth of 5600 ft within two to three weeks. As of 11 November 2024, the first section of the well, down to approx. 1500 feet, had been successfully drilled and cased.
The PC-01 well aims to test the presence of hydrocarbons in the PC prospect, primarily targeting the Miocene-age Bekasap sandstone located at a depth of approximately 4800ft. A secondary target is the Miocene-age Telisa sandstone reservoir located at a depth of approximately 3800ft.
The Bekasap reservoir is the primary producing reservoir in the PB field, which currently produces over 6000 barrels of oil per day (100%). Cue’s interest is 11.25%.
Source: Cue Energy
