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    Citic to test Lofin-2 well in Indonesia in September

Summary

The test is a key step in the commercialisation of the Lofin gas resource.

by: Shardul Sharma

Posted in:

Complimentary, Natural Gas & LNG News, Asia/Oceania, Security of Supply, Corporate, Exploration & Production, News By Country, Indonesia

Citic to test Lofin-2 well in Indonesia in September

China’s Citic Resources will start testing the Lofin-2 well in Seram Non-Bula production sharing contract (PSC) in Indonesia in September, its partner in the project Lion Energy said on June 24.

“The test will enable critical fluid and reservoir information to be obtained and is a key step in the commercialisation of the Lofin gas resource,” Sydney-listed Lion said.

The Lofin gas field has contingent resources of 1,450bn ft3 and Lion’s share is 36.3bn ft3. Citic is the operator of the project while the Australian company has a 2.5% share.

Lion also updated on the 200 km seismic survey scheduled in the East Seram PSC, where it is the operator with a 60% interest. “Mobilisation is progressing well with parameter testing for the survey scheduled for late July and recording planned for early August,” the company said.

The survey is expected to be completed in Q4 2022 and is targeting some of the largest undrilled structures in Indonesia, Lion said.