Kuwait's KUFPEC Makes First Operated Offshore Discovery in Indonesia

OEDigital
Monday, January 24, 2022

Kuwait Foreign Petroleum Exploration Company (“KUFPEC”) said Sunday that its subsidiary KUFPEC Indonesia had made a commercial discovery of gas and condensate in the Anambas Block, offshore Indonesia.  

KUFPEC Indonesia made the discovery through the drilling of the Anambas-2X well. 

"This exciting discovery marks the first operated offshore exploration discovery for KUFPEC and demonstrates KUFPEC’s growth and potential as an operator of offshore oil and gas projects, consistent with the KUFPEC 2040 Strategy. The well was drilled in 288 feet of water, using a jack-up rig to reach a total depth of 10,509 feet," KUFPEC said.

Located in the Natuna Sea near an existing block in which KUFPEC is a partner, the Anambas Block was awarded to KUFPEC Indonesia through a competitive bidding process in 2019.  

The Block is 100% operated by KUFPEC Indonesia. KUFPEC Indonesia’s production sharing contract has a license term of 30 years, including a 6-year exploration period.  As part of the drilling campaign, KUFPEC Indonesia conducted two Drill Stem Tests so far, one in the Lower Gabus Formation and the other in the Intra Keras Formation.  These tests resulted in a stabilized combined flow rate of 7 MMscfd of natural gas and 1,240 stb/d of condensate from the two formations.  KUFPEC Indonesia intends to conduct more tests on other formations within the same well, the company said.

Upon reaching its main drilling objective in the Lower Gabus Formation, KUFPEC Indonesia used well-deepening operation techniques to successfully penetrate thicker and cleaner reservoirs, the company said.

"The outcomes of the well-deepening program provided an upside to the original well objectives and identified potential further exploration opportunities in the deeper formations.  KUFPEC Indonesia will also continue implementing testing programs for three reservoirs in the Arang Formation, which could produce even higher gas rates," KUFPEC said.

Categories: Energy Drilling Industry News Activity Asia Shallow Water Discoveries

Related Stories

Yinson Production Nets DNV Approval for New FPSO Hull Design

POSH Set to Tow Nguya FLNG from China to Eni’s Congo Field

Marco Polo Picks Salt Ship Design for Next-Gen Offshore Energy CSOV

Saipem Wins FEED Contract For Abadi LNG Project FPSO Module In Indonesia

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

China Starts Production at Major Oil Field in Bohai Sea

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

Fugro Lands Deepwater Gas Field Job in Southeast Asia

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Current News

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Petronas to Leverage AI to Expedite Oil and Gas Exploration Activities

Brownfield Output Decline Accelerates, says IEA

PV Drilling Takes Ownership of Noble Corporation’s Stacked Jack-Up Rig

Hanwha Ocean Enlists ABB for Singapore’s First Floating LNG Terminal

Aquaterra Energy Nets Subsea Analysis Contracts with INPEX off Indonesia

POSH Set to Tow Nguya FLNG from China to Eni’s Congo Field

Chinese Contractor Secures Offshore Oil and Gas ‘Mega Deal’ from QatarEnergy

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com