Seruway PSC - Gurame SE-1X Progress Report No.3
Melbourne, Oct 1, 2012 AEST (ABN Newswire) - MEO Australia Limited (
ASX:MEO) (OTCQX:MEOAY) advises the following update in relation to the Gurame SE-1X well being drilled offshore North Sumatra in the Seruway PSC using the Hercules #208 drilling rig. Since the last report, the 8 1/2" precautionary pilot hole previously drilled to 202mMDRT (metres Measured Depth below Rotary Table) was opened to 26", ahead of running and cementing 20" surface casing. Thereafter, a 16" hole has been drilled to 830mMDRT and 13 3/8" casing has been run and cemented to 827.5mMDRT.
At 6:00am Jakarta time on 1st October, installing BOP (Blow Out Preventors) and preparing to pressure test BOP prior to commencing running in the 12 1/4" BHA (Bottom Hole Assembly), drilling out the 13 3/8" shoe cement and performing a LOT (Leak Off Test) before starting to drill ahead in 12 1/4 " hole.
Progress Summary
Progress since last report:
- Opened 8 1/2" pilot hole to 26" to 202mMDRT
- Ran and cemented 20" casing
- Drilled 16" hole to 830mMDRT
- Ran and cemented 13 3/8" casing
Present Operation (at 0600 Jakarta time, 1st October 2012)
- Preparing to test BOP and conduct LOT prior to drilling ahead in 12 1/4" hole
Outlook:
- Drill 12 1/4" hole to approximately 2,630mMDRT
- Run and cement 95/8" casing
- Drill and cut cores to approximately 3,374mMDRT
An overview of Gurame is provided overleaf and a detailed technical supplement is attached.
MEO's CEO and MD Jürgen Hendrich commented on the announcement:
"Drilling is proceeding safely, without incident and according to plan. We look forward to the continuation of a safe and efficient drilling campaign to put the next section of the well behind casing before entering the first of the two reservoir objectives."
For the full release and included data, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-MEO-379776.pdf
Contact
MEO Australia Limited
T: +61-3-8625-6000
F: +61-3-9614-0660
E: admin@meoaustralia.com.au
WWW: www.meoaustralia.com.au
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