INDEPENDENT Texcal is planning this quarter to spud a high impact exploration well on its Mahato production sharing contract on the Indonesian island of Sumatra. The BA-01 wildcat will be targeting prospective in-place resources estimated at 93 million barrels of oil. Partner Cue Energy said that drilling is expected to start before the end of March, subject to final environmental clearances. The Mahato PSC has seen little recent exploration and is located in an oil-rich region, with multiple future drilling targets identified. The upcoming well aims to test the presence of hydrocarbons in the BA prospect, with the primary target being the Miocene-age Telisa formation sandstone reservoir at a depth of 900 feet.
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