Page 16 - Oil&Gas-AustralAsia-2015-Issue-4
P. 16
I NDONESIA
Cooper Energy poised for production increases
By Marie RYAN
Onshore focussed explorer-producer its Indonesian assets have grown 36 sandstones within the TRM3 target at
Cooper Energy has completed drilling per cent this year and the company’s Bunian-4.
its South Sumatran Bunian-4 produc- reserves have increased 260 per cent. “The top of the primary target TRM3
tion test well in its Tangai-Sukananti Total resource estimates in all of Cooper was intersected 470 metres east-south-
KSO (joint operation agreement) with Energy’s Indonesian holdings are re- east and 6 metres below the producing
promising early results, potentially add- ported to potentially hold as much as 3.4 TRM3 Sand at Bunian-3. In addition to
ing immediate value to the company’s petajoules of natural gas and 4.8 million the successful appraisal of the TRM3, a
Indonesian portfolio of production and barrels of oil (3C reserves). new zone designated the GRM Sand-
exploration assets in the region. Tests on Bunian-4 will now evaluate the stone is identified as potentially hydro-
Cooper Energy Managing Director two primary hydrocarbon bearing zones carbon bearing. The net sand thickness
David Maxwell said in an announce- encountered in the TRM3 and GRM intersected at the GRM Sandstone is 3.5
ment preliminary results from Bunian-4 sandstones and assess the potential of metres,” the company said a statement.
were very encouraging for both reserves the upper TRM Sands to define the In August Cooper Energy announced
and production potential and looked extent of the oil accumulation in the K1 preliminary results from Bunian-4
forward to the results of the production Sandstone reservoir. indicated the well intersected 5.2 metres
tests to assist Cooper in progressing the Cooper Energy said it may have found of net pay in the TRM3 Sandstone, up to
development plan for the field. potentially hydrocarbon bearing 17 metres high.
Cooper Energy’s production from
A A14 OIL & GAS ustral SIA SEPTEMBER/OCTOBER 2015 www.oilandgasaustralasia.com
Cooper Energy poised for production increases
By Marie RYAN
Onshore focussed explorer-producer its Indonesian assets have grown 36 sandstones within the TRM3 target at
Cooper Energy has completed drilling per cent this year and the company’s Bunian-4.
its South Sumatran Bunian-4 produc- reserves have increased 260 per cent. “The top of the primary target TRM3
tion test well in its Tangai-Sukananti Total resource estimates in all of Cooper was intersected 470 metres east-south-
KSO (joint operation agreement) with Energy’s Indonesian holdings are re- east and 6 metres below the producing
promising early results, potentially add- ported to potentially hold as much as 3.4 TRM3 Sand at Bunian-3. In addition to
ing immediate value to the company’s petajoules of natural gas and 4.8 million the successful appraisal of the TRM3, a
Indonesian portfolio of production and barrels of oil (3C reserves). new zone designated the GRM Sand-
exploration assets in the region. Tests on Bunian-4 will now evaluate the stone is identified as potentially hydro-
Cooper Energy Managing Director two primary hydrocarbon bearing zones carbon bearing. The net sand thickness
David Maxwell said in an announce- encountered in the TRM3 and GRM intersected at the GRM Sandstone is 3.5
ment preliminary results from Bunian-4 sandstones and assess the potential of metres,” the company said a statement.
were very encouraging for both reserves the upper TRM Sands to define the In August Cooper Energy announced
and production potential and looked extent of the oil accumulation in the K1 preliminary results from Bunian-4
forward to the results of the production Sandstone reservoir. indicated the well intersected 5.2 metres
tests to assist Cooper in progressing the Cooper Energy said it may have found of net pay in the TRM3 Sandstone, up to
development plan for the field. potentially hydrocarbon bearing 17 metres high.
Cooper Energy’s production from
A A14 OIL & GAS ustral SIA SEPTEMBER/OCTOBER 2015 www.oilandgasaustralasia.com
