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    ACL International Gets Go Ahead to Drill in South Block A, Indonesia

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Summary

ACL International Ltd.’s subsidiary Renco Elang Energy (REE), the operator of South Block A, has received regulatory approval to drill the onshore Amanah Timur 1 well (AT1) before the end of November.

by: Shardul

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Asia/Oceania

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ACL International Gets Go Ahead to Drill in South Block A, Indonesia

ACL International Ltd.’s subsidiary Renco Elang Energy (REE), the operator of South Block A, has received regulatory approval to drill the onshore Amanah Timur 1 well (AT1) before the end of November. 

AT1 is located within onshore and offshore North Sumatra, Indonesia.    

The well will test the Paya Bili prospect at a depth of 700m and will evaluate reservoirs productivity in a pre-1940 oil field as well as evaluate untested deeper sandstone reservoirs which are known to be well developed in the area.  The prospect is located on a productive trend and has near term commercialization potential.

REE has identified a portfolio of leads within the block, with combined P50 an unrisked prospective resource of 442 BCF gas and 47 MMBBL oil/condensate. REE’s share of the resource is 169 BCF gas and 18 MMBBL oil/condensate.

ACL acquired a 38.25 percent working interest in the asset in July 2015.  South Block A is split into two blocks, the West block covers 1,256.5 sq km and East block covers 637 sq km. 

 

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