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.