KEYFACT Energy
The PB-1 exploration well in the Mahato PSC, Indonesia commenced drilling on 19 November 2019 at 1200 hrs local time.
PB-1 is planned as an exploration well to test the PB prospect. It will be to be drilled to a TD of 1750m (5750 ft) m and is expected to take approximately 1 week to drill.
The PB prospect is a 3-way dip closed structure, part of the Petapahan thrust/wrench system. The primary objective of the PB-1 well is to test the Early Miocene Bekasap reservoirs which are the producing reservoirs at the nearby Petapahan and Kotabatak fields.
The secondary objective is the Middle Miocene Telisa reservoir, one of the producing reservoirs at the Kotabatak oil field.
If successful, a logging and testing plan has been prepared for evaluation of the well. A decision on a follow on appraisal well, PB-2, will be taken once the results of PB-1 are reviewed and understood.
The Mahato PSC is operated by Texcal Mahato EP Ltd. Cue Mahato Pty Ltd (a 100% subsidiary of Cue Energy Resources Limited) holds 12.5% participating interest.