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Serica Dambus and Origin Tata Power Exploration Energy in Indonesia
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While Origin Energy Tata Power Win Geothermal Exploration Concession in Sumatra, Serica Energy Dambus-1 Exploration Well in Kutai PSC both locations are in Indonesia. Origin Energy Ltd. said that, as part of a consortium, it has been successful in bidding for a geothermal exploration concession in Northern Sumatra, Indonesia. Origin and Tata Power of India, in consortium with PT Supraco Indonesia, have been awarded the Sorik Marapi geothermal exploration concession.
Serica Energy announces that on 1 September the Trident IX jack-up drilling rig arrived on location for the Dambus-1 well in the Kutai PSC in the Mahakam Delta offshore East Kalimantan, Indonesia. The well will shortly be spudded and is targeting a sequence of stacked Miocene sands from 1,200 metres subsea to approximately 2,700 metres subsea with estimated gross mean prospective resources of 200 mmboe (60 mmboe net to Serica). Dambus-1 will be Serica’s third exploration well in 2010 and the prospect is analogous to the nearby Serang field in which over 800 metres of gross pay sands were recorded. Water depth at the well location is 85 metres and the well is expected to take approximately 40 days to complete.
On completion of Dambus-1 the rig will then immediately move to commence operations at the Marindan exploration prospect in the southern part of the Kutai PSC. Serica is operator of the Kutai PSC and holds a 30% interest