Australian-listed producer Bass Oil is planning new development drilling at its onshore oilfields in south Sumatra as it seeks to double its output in Indonesia over 2022.
Moreover, the Melbourne-based company said today that is has identified significant potential expansion to the west of the existing Bunian oilfield.
The planned new drilling program, consisting of one firm well and an additional two contingent wells starting late this year, is the first major new work by Bass on its 55% held oil field interests in southern Sumatra since the start of the COVID pandemic.
Bass said that strengthening global oil prices this year and the outcome of a resources review have now encouraged it to plan the new expansion drilling program aimed at
building daily output from 500 barrels of oil per day from four production wells within its Tangai Sukananti KSO, hosting the producing Bunian and Tangai oil fields.
“The next well to be drilled is likely to be the Tangai-5 development well which is expected to intersect a highly productive reservoir section,” said the company’s managing director Tino Guglielmo.
“If we proceed as anticipated, we expect to follow up with the Bunian-6 well in the undrilled southwest part of the field, further increasing production and developed reserves. We are also planning to drill a third well to appraise the very exciting Bunian 3P Extension area which we have historically regarded as a future stand-alone exploration prospect but which we now suspect is part of the greater Bunian field,” added Guglielmo.
The planned new work follows significant success by Bass’ Jakarta and Melbourne-based sub-surface teams over the past year in carrying out a comprehensive, integrated reservoir study which updated the static and dynamic reservoir models following the drilling of the successful Bunian-5 development well, Bass said in a statement.