NuEnergy Gets More Time to Explore for CBM in Indonesia

Australian coal bed methane player NuEnergy Gas late last week said the Indonesian regulatory authority has granted an extension to exploration period for Rengat PSC.

SKK Migas has granted a one-time extension of the exploration period to a maximum period of four years to 29 November 2019.  NuEnergy Gas has a 100 percent working interest in the Rengat PSC and is the operator. 

The Rengat PSC covers 2,395km2 of Central Sumatra basin and lies in-between prolific oil and gas concessions (located in the Central Sumatra basin within the vicinity of a major gas pipeline from Jakarta to the Chevron Duri Steam Flood project and related infrastructure). NGY has a 100% working interest in the Rengat PSC and is the operator of the PSC. 

NuEnergy also said that drilling of the exploratory wells, RE-03, RE-04 and RE-05 has been successfully completed to the targeted depth.  Further geological and geophysical studies to complement existing data will be conducted to identify and map coal continuity across the basin and to understand the reservoir characteristics for further development.