KrisEnergy Flows Gas from Indonesia Well

KrisEnergy has completed drilling of the Tayum-1 exploration well in the Kutai production sharing contract (PSC) offshore Kalimantan in the Makassar Strait, Indonesia. KrisEnergy is the operator of the Kutai PSC.

Tayum-1, located approx. 8 km east-southeast of the Dambus-1 gas indication well, encountered approx. 49 vertical feet of net gas pay from multiple sandstone intervals between 2,377 feet MD (-2,295 feet TVDSS) and 7,180 feet MD (-5,903 feet TVDSS) within the Miocene to Pliocene section, from which two gas samples were recovered, the company said.

Two further gas samples were also recovered from what are interpreted to be shaly-sand gas pay intervals between 6,647 feet MD and 6,660 feet MD (-5,567 to -5,575 feet TVDSS) and 7,366 feet MD to 7,402 feet MD (-6,023 feet TVDSS to -6,046 feet TVDSS).

The well has been plugged and abandoned as a gas discovery and the company is evaluating the results together with the data from two earlier gas discoveries, Dambus and Mangkok.

KrisEnergy holds a 54.6% operated working interest in the Kutai PSC.