Reply to @csg : Just saw a report by @FKChong that the first well had reached 300m. Attached @livelifefreely previous posting (03 Oct) on the oil development for your reading. Thanks to the contributors as mentioned. Repeat what the CEO had said, Very Very Close to FIRST OIL!
$GSS Energy(41F.SI) - On track for first oil in 4Q 2017
A translated version of the article:
KDSTAN.CO.ID - PT Sarana GSS Trembul begins speeding up the progress of the oil and gas field cultivation of Trembul, Talokwohmojo, Blora. Section, the civilian work done by the company has been completed.
GSS has actually done civil work since last June, including with the mobilization of equipment and other supporting infrastructure work. The company is scheduled to start its first drilling next week.
Bambang Mulyadi, President Director of PT Sarana GSS Trembul said that so far the whole process is still in accordance with the pipeline that has been made. Especially after the company completes all permits including permission of environmental management efforts and environmental monitoring efforts (UKL and UPL). Just so you know, the company is not required to prepare an environmental impact analysis (Amdal) in accordance with the signing of KSO with Pertamina EP until 2031.
"The civil works have been completed, the rig has entered the well site and we are trying to start the first drilling in this week or next week," he told KONTAN on Wednesday (13/9).
In this year, the company will mengebiro two wells with production targets to reach 400 barrels per day (Bph). It's just that there is a slight revision of the well depth target, before the company will drill a well with a depth of 1,000 meters, but the company revises with a depth of 1300 meters. This change according to him has permit and Pertamina EP approval so there is no problem anymore.
Himself says it will only use one rig to do two well drilling that will be done within the next three months. Work is done from this month to close the year in parallel, which obviously the company has a target to be able to work on 5 wells until 2019. Not only that, the company has also prepared drilling plans as deep as 2,700 meters to be able to produce 1,000 bpd.
"The first well was drilled in September to October, continued the second well in November to December. The depth of the well to be 1300 meters in accordance with Pertamina EP approval, "he continued.
Just so you know, Trembul oil and gas fields are estimated to have proven reserves of 40.1 million barrels which is a Dutch relic. Since managed by Nederlandsche Koloniale Petroleum Mij (NKPM) from 1971 to 1942 the field has only produced 307,000 barrels from 24 production wells. Therefore, it is not a grandiose company could produce 1,000 bpd by 2019 with the potential reserves.
https://www.investingnote.com/posts/309184
it today. bb very skillful
a flush to clear weak holder is very possible at this point.
Reply to @keithang : lol. huat ah!
still stuck. staying here too long is not good
Reply to @csg : Just saw a report by @FKChong that the first well had reached 300m. Attached @livelifefreely previous posting (03 Oct) on the oil development for your reading. Thanks to the contributors as mentioned. Repeat what the CEO had said, Very Very Close to FIRST OIL!
$GSS Energy(41F.SI) - On track for first oil in 4Q 2017
A translated version of the article:
KDSTAN.CO.ID - PT Sarana GSS Trembul begins speeding up the progress of the oil and gas field cultivation of Trembul, Talokwohmojo, Blora. Section, the civilian work done by the company has been completed.
GSS has actually done civil work since last June, including with the mobilization of equipment and other supporting infrastructure work. The company is scheduled to start its first drilling next week.
Bambang Mulyadi, President Director of PT Sarana GSS Trembul said that so far the whole process is still in accordance with the pipeline that has been made. Especially after the company completes all permits including permission of environmental management efforts and environmental monitoring efforts (UKL and UPL). Just so you know, the company is not required to prepare an environmental impact analysis (Amdal) in accordance with the signing of KSO with Pertamina EP until 2031.
"The civil works have been completed, the rig has entered the well site and we are trying to start the first drilling in this week or next week," he told KONTAN on Wednesday (13/9).
In this year, the company will mengebiro two wells with production targets to reach 400 barrels per day (Bph). It's just that there is a slight revision of the well depth target, before the company will drill a well with a depth of 1,000 meters, but the company revises with a depth of 1300 meters. This change according to him has permit and Pertamina EP approval so there is no problem anymore.
Himself says it will only use one rig to do two well drilling that will be done within the next three months. Work is done from this month to close the year in parallel, which obviously the company has a target to be able to work on 5 wells until 2019. Not only that, the company has also prepared drilling plans as deep as 2,700 meters to be able to produce 1,000 bpd.
"The first well was drilled in September to October, continued the second well in November to December. The depth of the well to be 1300 meters in accordance with Pertamina EP approval, "he continued.
Just so you know, Trembul oil and gas fields are estimated to have proven reserves of 40.1 million barrels which is a Dutch relic. Since managed by Nederlandsche Koloniale Petroleum Mij (NKPM) from 1971 to 1942 the field has only produced 307,000 barrels from 24 production wells. Therefore, it is not a grandiose company could produce 1,000 bpd by 2019 with the potential reserves.
https://www.investingnote.com/posts/309184