Piala field flows oil

Piala field flows oil

JAKARTA (JP): The Piala field in Riau has produced oil at a
rate of 2,000 barrels a day since August, its operator, PT Caltex
Pacific Indonesia announced on Tuesday.

The U.S. based oil company announced that oil had been flowing
out of Piala Well No. 1, the only well drilled in the field with
total depth of 4,000 feet.

Piala field is located half a kilometer east of existing
Pungut Field within Bekasap Strategic Business Unit Area in
Bengkalis regency.

The Piala Field was identified in September last year, using
state of the art three-dimensional seismic technology, which
provides accurate information of geological conditions.

The field has a potential reserve of 3.3 million stock tank
barrels of recoverable oil and 9.3 million barrels of original
oil in place.

The main reservoir is located in the Sihapas formation at a
depth of approximately 2,800 feet. Each reservoir covers an area
of about 85 acres.

Caltex has operated in Indonesia for over 45 years, producing
60 percent of the country's output of 1.28 million barrels of
crude oil per day. (02)