Indonesian oil and gas company Medco Energi has completed drilling operations on the West Belut-1 appraisal well, located offshore Indonesia, and confirmed hydrocarbon resources.
Medco said in a recent exploration report that the West Belut-1 appraisal well had successfully confirmed hydrocarbon resources with 5 DST. Post drill analysis is ongoing and the company will continue the post-drill evaluation in the period ahead.
Four commercial exploration gas discoveries were made in South Natuna Sea Block B PSC with the Bronang-2, Kaci-2, West Belut-1 and Terubuk-5 wells.
Medco said at the end of November that these discoveries will be fast-tracked for development in 2021-22 in parallel with the previously planned Hiu development.
The West Belut-1 was the last well in Medco’s 2020 drilling campaign. The exploration costs (gross) for the well totalled $35.5 million.
The South Natuna Sea Block B PSC is operated by Medco E&P Natuna with a 40 per cent interest with partners Medco Daya Abadi Lestari holding 35 per cent and Prime Natuna Inc holding the remaining 25 per cent interest.
This post appeared first on Offshore Energy.