RH PetroGas Unit Completes Drilling of Oil and Gas Well in Indonesia

MT Newswires

Aug 03

Petrogas (Basin), a subsidiary of RH PetroGas (SGX:T13), completed drilling of the Northwest Klagagi-1 well under the Kepala Burung production sharing contract in Southwest Papua, Indonesia, according to a Friday filing to the Singapore stock exchange.

The company's shares were down nearly 2% in Monday's trade.

Following the drilling, the company has selected three intervals for well testing, which is scheduled to start in the next few days. The testing will help the company gain valuable information on reservoir deliverability, pressure behaviour and fluid characteristics to support the overall evaluation of the well.

The well targets gas and condensate in the Upper Kais Formation and explores hydrocarbon potential in the Lower Kais.

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