• 4 minutes China 2019 - Orwell was 35 years out
  • 7 minutes Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 11 minutes Trump will capitulate on the trade war
  • 14 minutes Glory to Hong Kong
  • 2 hours China's Blueprint For Global Power
  • 4 hours Yesterday Angela Merkel stopped Trump technology war on China – the moral of the story is do not eavesdrop on ladies with high ethical standards
  • 2 hours IMO 2020:
  • 45 mins Here's your favourite girl, Tom!
  • 14 mins Brexit agreement
  • 18 hours The Problem Is The Economy, Not The Climate
  • 19 hours Idiotic Environmental Predictions
  • 12 hours The Ultimate Heresy: Technology Can't Fix What's Broken
  • 12 mins Australian Hydroelectric Plant Cost Overruns
  • 2 days World Stocks Drop And Futures Tread Water After China Reports Worst GDP Growth In 30 Years
  • 2 days Deepwater GOM Project Claims Industry First
  • 1 day NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
Alt Text

Petronas Halts all Imports of Iranian Crude in South Africa

Engen, a South African based unit of Petronas, has announced that it has halted all crude imports from Iran, which used to account for 80 percent of

Read more +
Alt Text

Acquisition of Maari 3D Seismic Survey Commences

Cue energy has just released good news regarding permits for projects in New Zealand

Read more +
Alt Text

Environmental Approval Extended for Tassie Shoal LNG Project

MEO Australia Ltd has just received environmental approval for its Tassie Shoal LNG project.

Read more +

Cue Releases Drilling Update on its Naga Utara-1 Well

Naga Utara-1 Well, Mahakam Hilir PSC, Indonesia

Cue Energy Resources Ltd (ASX: CUE; NZX: CUE) is pleased to provide the following update on the drilling status of Naga Utara-1. The well is located within the Mahakam Hilir PSC in the onshore Kutei Basin, Indonesia. The well operator is SPC Mahakam Hilir PTE Ltd (SPC).

As of the 9th March 2012 the sidetrack has been drilled in a 6 inch hole to 5066 feet measured depth (MD).

The high pressure gas zone seen in the original hole was again encountered from 4825 feet MD to 4880 feet MD. An additional gas bearing sandstone was encountered between 4975 feet MD to 5040 feet MD.

Due to high pressure gas influx from the lower sandstone interval and the rig equipment pressure rating now being close to the formation pressure encountered, the operator has decided to call total depth of the well (TD). The interval will be evaluated with wire-line logs.

The forward plan is to design an appraisal well to be drilled with appropriate high-pressure rig equipment.

The participants and their respective interests in the PSC are:

SPC Mahakam Hilir Pte Ltd (Operator) 60%
Cue Mahakam Hilir Pty Ltd 40%

Cue will continue to release reports

The full release can be found in the above pdf.

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play