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    CBM Asia spuds first CBM Core well at Kutai West

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Summary

CBM Asia Development Corp. informed that the first coalbed methane exploration core well ("CBM-KW-01") in the Kutai West Coalbed Methane Production Sharing Contract ("Kutai West CBM PSC") block, located in East Kalimantan, Indonesia, was spud on December 12.

by: Shardul

Posted in:

Asia/Oceania

CBM Asia spuds first CBM Core well at Kutai West

CBM Asia Development Corp. informed that the first coalbed methane exploration core well ("CBM-KW-01") in the Kutai West Coalbed Methane Production Sharing Contract ("Kutai West CBM PSC") block, located in East Kalimantan, Indonesia, was spud on December 12.

CBM Asia holds an 18% working interest in the Kutai West CBM PSC.

CBM-KW-01 will be a vertical well aimed at evaluating gas potential and reservoir properties of coal seams in the Miocene-age Balikpapan Formation.

The CBM-KW-01 is the first in a series of four wells set out in a work program delineating the southeastern part of the block, considered the most prospective and closest to potential gas markets.