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PT IEV Pabuaran KSO spuds CLS-1 twin well in onshore West Java

JAKARTA (Rambu Energy) – PT IEV Pabuaran, a subsidiary of Singapore-listed IEV Holdings Ltd, has spudded the first development well in the Cilamaya structure of the Pabuaran KSO block. The Pabuaran KSO block is located onshore in West Java, Indonesia, and is part of the greater North West Java Basin with a total acreage 77.04 square kilometers.

The company said two main structures – the Cilamaya Selatan and Pabuaran have been identified as the most promising areas. Two oil and gas discoveries and production tests were previously undertaken on these structures in respect of which results have indicated that hydrocarbon resources were present.

The first of the development wells, the CLS-1TW, is a twin well located about 25 meters away from the CLS-1 exploration well in Cilamaya Selatan, which was drilled previously.

This development well will be drilled by the APS#1001 drilling rig to a depth of 2,150 metres and will target several objectives including the Parigi, Upper Cibulakan, Cibulakan, Z16 and Baturaja formations.

The company said the drilling and production flow tests at the aforesaid objectives will take approximately six weeks from today.

The company estimates that the drilling and testing results of the CLS-1TW should be available in the first quarter 2015.

IEV engages all aspects of an oil and gas field life cycle, from the installation of new facilities to repair and maintenance of existing assets and the eventual decommissioning of ageing structures. The company has offices in Malaysia, Indonesia and Vietnam.

Key Facts about Pabuaran Block

Project Name : Pabuaran KSO Project (“KSO”)
Location : Subang Region, West Java Island, Indonesia (approximately 90 km east of Jakarta)
Block Partner : PT Pertamina EP
Tenure : 15 years
Type : Exploration and production of an oil and gas block.
CAPEX : Seismic surveys, drilling, workover, treatment and productions facilities.
Start date : 3rd Quarter 2012.

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