Kambuna on line by mid-year

The Kambuna field offshore north Sumatra is close to first production according to Serica Energy.

Offshore staff

LONDON -- The Kambuna field offshore north Sumatra is close to first production according to Serica Energy. Recently the partners completed commissioning of the 14-in. (35-cm) pipeline exporting condensate and gas from the production platform to the shore.

Currently remaining equipment is undergoing installation at the onshore reception facilities, and supplies should start flowing around mid-year. Consultants RPS Energy recently upgraded Kambuna's gross proven and probable reserves to 133 bcf of sales gas and 11.6 MMbbl of condensate, with an upside gross probable/possible totalling 62.5 MMboe.

Last October, Serica was awarded the East Seruway production sharing contract, adjacent to the Glagah-Kambuna permit containing Kambuna. The company plans to acquire new seismic to further define the exploration potential prior to drilling a well.

Elsewhere in Indonesia, Serica operates the Kutai PSC comprising five blocks in the Mahakam River delta offshore and onshore East Kalimantan. New 3D seismic has revealed a promising amplitude-driven prospect unidentified on previous 2D data. This lies close to the giant Peciko field, and could be drilled in 2010.

Off southern Vietnam, Serica is a partner to Pearl Energy in the block 06/94 PSC in the Nam Con Son basin. The partners have been processing two new seismic datasets, and expect to spud an exploration well on the Tuong Vi prospect in June using the semisubmersibleOcean General.

04/28/2009

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