KrisEnergy Starts East Java Gas Well Drilling

KrisEnergy has commenced drilling of the Lengo-2 appraisal well in the Bulu production sharing contract (PSC) in the East Java Sea, Indonesia.

The Lengo-2 appraisal well is intended to delineate the Lengo gas discovery drilled in 2008. Lengo-2 is approx. 3.3 km south of the Lengo-1 discovery well and is expected to reach a total measured depth of 2,726 feet (831 metres) in approx. 22 days, KrisEnergy said. Lengo-2 is the first well drilled under company's operatorship.

The Bulu PSC covers 697 sq km in three separate areas – Bulu A, Bulu B and Bulu C – over the East Java Basin in water depths of 50 to 60 metres.

KrisEnergy holds a 42.5% operated working interest in the Bulu PSC.