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JAKARTA (RAMBUENERGY.com) – PT Saka Energi Indonesia, a subsidiary of national gas distributor PT Perusahaan Gas Negara Tbk (IDX:PGAS) plans to start the exploration drilling program at South Sesulu Block in East Kalimantan.
Director for Operation of Saka Energi Tumbur Parlindungan was quoted by Bisnis Indonesia that the company will start drilling one well to prove gas reserves that was discovered last year.
“We estimate gas reserve is quite large,” he said. The cost to drill one well costs the company around US$15 million which will take about two to three months.
Once the drilling is successful, the company will enter next phase by proposing plan of development (PoD) for the block by the end of this year and planned commercial production in 2020.
Saka Energy bought 42.5 percent working interest in the block from Hess in October 2013. (*)
