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Parit Minyak-3 drill site expected to begin drilling by end of the month

03 Jul 2013

The rig used to drill the Parit Minyak-2 exploration well is being moved to the Parit Minyak-3 drill site, according to New Zealand Oil & Gas. Situated in the Kisaran PSC in onshore Sumatra, the drilling is expected to start before the end of July, and fracture stimulation of the Permantang 4 formation in the Parit Minyak-2 well is scheduled for late August.

There has been speculation that the well at PArit Minyak-2 has been abandoned, however confirmed reports have stated that the well has been suspended while preparations for fracture stimulation continue.

They are not yet in a position to formally announce potential flow rates or forecast the commercial viability of the well, but a report will be released detailing this information, following approval by Indonesian authorities.

New Zealand Oil & Gas is encouraged by the results from drill stem tests to date.