IPA Convex 2023 concludes, shows optimistic future for oil and gas industry thejakartapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thejakartapost.com Daily Mail and Mail on Sunday newspapers.
Indonesia has awarded three oil and gas blocks with estimated resources of more than 2.4 billion barrels of oil and 9 trillion cubic feet of gas to three companies, its energy ministry said on Thursday.
JV partner Cue Energy has announced that Texcal, the operator of the Mahato PSC in Indonesia, is planning to drill the BA-01 exploration well. The primary target is the Miocene-age Telisa Formation sandstone reservoir at a depth of 900ft. A secondary target is the Menggala Formation, expected at approx. 2500ft. Both targets are producing reservoirs in the Central Sumatra Basin.
Cue Energy Resources (ASX:CUE) and its partners are preparing to drill the BA-01 exploration well in the Mahato production sharing contract (PSC) in Indonesia.
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