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    RH Petrogas Starts Drilling Koi-2 Appraisal Well Offshore Indonesia

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Summary

Petrogas has commenced the drilling of the Koi-2 appraisal well in the offshore area of the Salawati Kepala Burung PSC (Island PSC), offshore Indonesia.

by: Shardul

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Asia/Oceania

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RH Petrogas Starts Drilling Koi-2 Appraisal Well Offshore Indonesia

RH Petrogas has commenced the drilling of the Koi-2 appraisal well in the offshore area of the Salawati Kepala Burung PSC (Island PSC), offshore Indonesia.

The Island PSC is located in West Papua and covers an area of 1,097 km2.

Koi-2 is drilled to appraise the Koi-1 discovery, drilled in the year 2000, which flowed 980 BOPD (barrels of oil per day) and 2.7 MMSCFD (million standard cubic feet per day) of gas through a drill stem test from the Miocene Kais limestone.

The company has an aggregate 33.21% working interest in the Island PSC through its wholly owned subsidiaries Petrogas (Island) Ltd. and RHP Salawati Basin B.V. Its partners, PT Pertamina Hulu Energi Salawati (Pertamina), holds 50% participating interest in the Island PSC and PetroChina International Kepala Burung Ltd. (PetroChina) holds the balance 16.79%.

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