Sound Oil Starts Jatayu-1 Exploration Well Drilling
Sound Oil announced the commencement of drilling of Jatayu-1 exploration well in Indonesia and operations are scheduled to take 30 days.
The Jatayu prospect is part of the Citarum onshore production sharing contract (PSC) on the island of Java, and Sound Oil holds a 20 per cent interest in the PSC.
The well will be drilled to a total measured depth of 2,656 metres to target the limestones of the Miocene Parigi formation.
The Jatayu prospect has been independently assessed by Fugro Robertson Limited to have gross P90-P50-P10 prospective gas resources of 140-290-530 billion cubic feet.
Sound Oil’s partners for the Citarum PSC are operator Pan Orient Energy with 69 per cent and Bumi Parahyangan Energi with 11 per cent.