Oil and Gas Exploration : Serica Energy Exceeds Kambuna Gas Target

Oil and gas firm Serica Energy said the Kambuna field in Indonesia has already exceeded its sales gas target of 50 million standard cubic feet per day (mmscfd).

The group said the Kambuna-3 production well tested at a maximum stabilised rate of 40m mmscfd.

In April, Serica said the Kambuna-2 production well had tested at a rate of 33mmscfd. The group is yet to test the final well, Kambuna-4, which will be carried out in the next few weeks.

“With two of our three wells now tested at high rates and the third well yet to be tested, we have already demonstrated a total stabilised flow rate of 73 mmscfd, which exceeds our sales gas target of 50 mmscfd by a comfortable margin,” said CEO Paul Ellis.

“This provides excellent assurance that the Kambuna field will produce at the planned initial rates well in Indonesia tested,” he added.


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