Bass Oil confirms new oil pay at Bunian 6 in Indonesia

Bass Oil has confirmed the identification of oil pay in three separate reservoirs at its Bunian 6 effectively in Indonesia’s South Sumatra Basin.

The effectively intersected hydrocarbon-bearing zones within the TRM3 and K1 sandstone reservoirs, matching the corporate’s pre-drill expectations, in line with evaluation of wireline and dirt logs.

Subsequent analysis revealed an additional oil-bearing interval within the M sand on the base of the effectively, the primary time oil pay has been encountered on this horizon inside the Bunian discipline.

Bass Oil mentioned that M sand is named the first manufacturing zone within the adjoining Tangai oilfield. The corporate will assess the influence of the M sand discovery on discipline reserves following extra evaluation and upcoming effectively testing.

The Bunian 6 effectively is presently being accomplished as a tandem oil producer, designed to attract from the TRM3, K1 and M reservoirs.

The operator expects to carry the effectively on-line shortly after the rig is moved off-site. Discipline manufacturing is projected to extend from the current charge of 250 barrels of oil per day (bopd) to roughly 750bopd on a 100% foundation because of the brand new effectively.

Bass Oil holds a 55% operated curiosity within the Tangai-Sukananti KSO (joint operation), with Mega Adhyaksa Pratama Sukananti holding the remaining 45%.

Bass Oil managing director Tino Guglielmo mentioned: “Bass may be very happy with the Bunian 6 effectively outcome. The oil pay recognized within the M sand is a welcome bonus and may positively influence discipline oil recoveries.

“This result’s including weight to the interpretation of a westerly extension to the Bunian discipline and provides Bass low-risk manufacturing progress at a time of excessive oil costs.

“Bunian 6 is the primary of a number of progress initiatives presently below means in Australia and Indonesia that collectively will set up the corporate as a worthwhile mid-tier vitality firm.”

The Tangai-Sukananti KSO contains the Bunian and Tangai fields, found in 1998 and located in a area coated by 3D seismic.

A latest built-in discipline examine together with seismic reprocessing and attribute evaluation confirmed Bunian 6 as a improvement candidate.

In June this yr, Bass Oil finalised the acquisition of the Vanessa gasoline discipline within the Cooper Basin, South Australia, from BeachEnergy after receiving regulatory approval from the South Australian Division of Power & Mining.

“Bass Oil confirms new oil pay at Bunian 6 in Indonesia” was initially created and revealed by Offshore Expertise, a GlobalData owned model.