[CATEGORY: OIL AND GAS]
PT Medco Energi
Internasional Tbk announced recently that upstream authority SKK Migas has
approved its expenditure plan, better known in the industry as Authorization
for Expenditure (AFE), for the acquisition of 330 km of 2D seismic data in
South Sumatra PSC in South Sumatra province.
The seismic survey is
scheduled to be carried out in the first quarter of 2017.
The program, which is a
follow up to the previous program, aims to get more precise data on shallow
targets in the Musi Platform area which has an improved success ratio as
evidenced in the latest discoveries at Arung-1 and Hijau-2 wells. The program
also aims to meet the firm's commitment.
The block is wholly owned
by PT Medco E&P Indonesia. The contract on the block has been extended to
2033.
All complete data can be seen at www.tender-indonesia.com
(The source of the Indonesia Oil and Gas,
Mining, Electricity, Infrastrcuture, Telecommunication tender project and
tender award)
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