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Lion Energy spuds sixth well in Phase 3 development


Published Nov 25, 2015
Lion Energy Limited

Lion Energy Ltd. reported that the Oseil-22 development well in Seram (Non-Bula) Production Sharing Contract (PSC) in eastern Indonesia has spud and is drilling ahead in 26 inch hole at a current depth of 328 feet (100 meters) measured depth (MD).

The Oseil-22 well is a development well, targeting the Manusela limestone reservoir and intended to drain the northeast flank of the 4-way dip closure of the Oseil-2 fault block with estimated recoverable oil reserves of 590,000 barrels.

Tags: Lion Energy Limited




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