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Sonoro confirms Budong Budong appraisal timeline

Written by  AOG Staff Monday, 28 August 2017 23:43
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Sonoro Energy said it has met with SKK Migas, Indonesia’s national oil and gas regulator, and confirmed a revised schedule for its Budong Budong appraisal well program in West Sulawesi.

The schedule calls for the drilling of the LG-1 Up-dip well during the second half of September, testing in October, and time for further evaluation of results, if necessary, thereafter.

It’s expected that SKK Migas will submit this information to MIGAS, the oil and gas directorate general within Indonesia’s Ministry of Energy and Mineral Resources, which overlooks the Budong Budong production sharing contract and its license extension.

Sonoro representatives have also toured the field with PT Advanced Services Indonesia (ASI) to review the logistics involved in transporting ASI’s drilling rig to the LG-1 Up-dip site. The timing for mobilization of the drilling rig is on track for the first week of September.

“Our team is currently in Balikpapan coordinating with ASI to ensure that all the components and equipment for the rig will integrate with our services and equipment already mobilized to Sulawesi,” said Sonoro CEO Richard Wadsworth.

“After visiting our team in Sulawesi and our site last week, I have renewed confidence in our team’s ability to deliver this well safely, in the time frames now planned and, even given these delays, at a cost now below our budget.”

Sonoro has also agreed to a mutual release with PT Pontil, the previous drilling rig contractor, on a contract termination, as well as the return of both the performance bond held by Sonoro and the deposit held by PT Pontil. 

Image: Sonoro in Indonesia / Sonoro

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