Offshore staff

Serica Energy AGM expects to give the go-ahead for development of Kambuna field, offshore North Sumatra, Indonesia.

The field is expected to come onstream in 2008 at an initial rate of 50 MMcf/d gas and 5,000 b/d condensate.
"As part of the development plan we intend to fast track the development of the field using 'dry' wellheads and a Floating Production Storage and Offtake vessel, which offers significantly lower drilling and production costs," said Antony Craven Walker, chairman, Serica.

The Company plans a 3D seismic survey in 2006 to identify further extensions of Kambuna.

6/19/06