Indonesia: Energi Mega Persada Strikes Oil in Malacca Strait Block

“Based on preliminary assessments, the discovery is estimated to contain around 31 million barrels of original oil in place, according to ENRG Vice President Director and Chief Financial Officer Edoardus Ardianto. The company also sees potential to lift output by an additional 1,000 to 1,500 barrels per day through the planned development of the MSTB-NW structure, which would involve drilling six development wells.”

” ‘Similar seismic response evaluations indicate that the area around the discovery may still hold more than 76 million barrels of oil in potential resources, making it a key target for our next exploration campaign,’ Edoardus said.”

https://jakartaglobe.id/business/energi-mega-persada-strikes-oil-in-malacca-strait-block

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