Operations - Exploration & Production
Kalyani PSC Block

Sumatra, Indonesia

The Kalyani block is located in Jambi Province, South Sumatra, Indonesia, one of the most favourable regions in Indonesia for oil and gas exploration. The current Production Sharing Contract (PSC) for the block was awarded on 19th December 2011, its comprised of six areas totaling 605.49 square kilometers. The areas are covering Tempino, Bentayan, Ramba, Tanjung Laban, Kluang and Mangun Jaya.

Gas was encountered at the block in 1975 by the previous operator and participating interest holder of the block, Redco Indonesia Ltd., during exploration drilling of the Tempino-176 well, which reached the block’s Talang Akar formation. Fractured gas reservoirs were encountered at depths of 2.535-2.590 meters and 2.660-2,735 meters respectively.
On 18 September 2012, Sugih acquired 51 percent share ownership of Eurorich Group Ltd., giving the company participating interest rights and partial operating rights to the Kalyani block.

In house G&G study is complete in October 2014, was calculatedreserves in the Bentayan prospect for oil is 79 MMSTB OOIP (most likely) unrisked and for gas 142 BSCF OGIP (most likely) unrisked respectively.

The Bentayan prospects in the Talang Akar Formation at the estimate depth 1,225 meters sub sea, has potential reserves of OOIP 249 mmstb from 2 structures.

The Kalyani PSC six years exploration period has expired in December 2017, however by considering the amandment contract, we suggested to the government for the contract that said subject to be deffered until August 2019.

 

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