Coro Energy (CORO) , the Southeast Asian oil and gas company announced it has started drilling the Tambak-2 well to appraise the southern area of the Mako gas field.
The well is part of the company’s drilling campaign for the Duyung Production Sharing Contract, in the West Natuna basin, offshore Indonesia.
A full reservoir evaluation programme is planned to derive as much information as possible about the Mako gas field reservoir.
Shares in Coro Energy ticked up 2.63% to 2.925p during Friday morning trading
Coro Energy has a 15% interest in the Mako field which has been ascribed gross 2C resources of 276 Bcf (48.78 MMboe) of recoverable dry gas and gross 3C resources of 392 Bcf, by an independent review by Gaffney Cline & Associates.
The well is to be drilled to intersect the intra-Muda reservoir up dip from the Mako South-1 well, at a depth of approximately 380 metres below sea level, for a planned total depth at approximately 595 metres below sea level.
Coro expects the time to drill, core, log and test to be approximately 33 days, before it moves the rig to Tambak-1.
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