Jadestone Energy completes final oil, gas drilling campaign offshore Malaysia
(WO) –Jadestone Energy plc, an independent upstream oil and gas production company focused on the Asia-Pacific region, announced that the final well in the company’s 2023 East Belumut drilling campaign offshore Peninsular Malaysia has now been completed. The overall program has delivered results significantly ahead of expectations.
East Belumut infill drilling campaign. The fourth and final well in the East Belumut infill drilling campaign is currently being tested after reaching 4,600 m measured depth in the southwest region of the field. This is approximately 730 m measured depth more than originally planned, due to the better than expected oil column encountered at the toe of the well, and the longest reach horizontal well ever drilled in the field.
Overall, a 1,700 m horizontal section was drilled in the target formation, aided by successful optimization of the well trajectory using geo-steering tools. The well is expected to produce at initial rates of more than 3,500 bpd. Combined with the three wells drilled to date, which are currently producing at an aggregate gross rate of 7,000 bpd, the results of the East Belumut infill campaign have far exceeded expectations, which were for initial gross aggregate rates from all four wells of 3,500 bpd.
The well results are already being used to update the geological model for the East Belumut field, will have a positive impact on reserves, and are likely to provide a number of new infill targets for future drilling campaigns.
Paul Blakeley, President and CEO commented, “The East Belumut drilling program has proved to be very successful, significantly exceeding our pre-drill expectations and testament to the hard work and enthusiasm of the many people across the business involved in this campaign. This is our core strategy at work, having acquired the interests in 2021 and now starting to add value through our differentiated view of the subsurface potential. These results will significantly expand the scope for further infill drilling on East Belumut, and I expect will generate a number of well campaigns for the future.”