Eni said June 7 the Maha 2 appraisal well hit natural gas-bearing sands in the West Ganal Block offshore Indonesia.
Drilled to a depth of 2,970 m in 1,115 m water depth, the well encountered 43 m of gas-bearing net sands with excellent reservoir characteristics in levels of Pliocene Age, according to Eni, the operator.
“The production test, which was limited by surface facilities, recorded an excellent gas deliverability of the reservoir flowing at 34 MMscf/d,” the company said. “Through the test and the coring of the reservoir important data have been collected to perform all the studies required for the preparation of a field development plan for the Maha field, where two other appraisal wells are planned to be drilled.”
Eni, along with partners Neptune West Ganal B.V. and P.T. Pertamina Hulu West Ganal, foresee a subsea completion and a tie-in to the Jangkrik FPU for the development.
PHX Minerals agreed to acquire certain mineral and royalty interests totaling approximately 817 net royalty acres in East Texas and Louisiana targeting the Haynesville play through two separate transactions.
Chesapeake Energy applied for the lease suspensions in late April and had received 108 approvals by mid-May, according to an analysis of the data.
Chesapeake Energy separately said in a filing it plans to operate six to eight drilling rigs for the next two years, about half the 14 rigs active on average in the first quarter, as it battles a historic downturn in oil prices.