Medco Energi US LLC (“MEUS or the company”) announces success in its first two offshore drilling projects of the 2007 program. The MEUS-operated Brazos 437 #1 well encountered an estimated 55’ of net natural gas pay from multiple zones in the middle Miocene Rob-L and Rob-M series sands. The discovery is located in federal waters approximately 75 miles southwest of Galveston, Texas in 67’ of water. 7 5/8” production casing was run and set at 8,208’. Dual completion operations are currently underway. The company plans to install a caisson and pipeline in order to flow the well to a nearby facility in Brazos block 451. Initial production is expected in 90 – 120 days. MEUS holds a 60% working interest and is the operator in this project.
The company also participated in a successful project drilled by Red Willow Offshore LLC, of Ignacio Colorado. The State Lease 18383 #1, West Delta 52 well encountered 17’ net natural gas pay in the Cris- K2 sand. The discovery is located in Louisiana state waters approximately 75 miles southeast of New Orleans, Louisiana in 7’ of water. 5 1/2” production casing was run and set at 7,835’. Completion operations are currently underway. The company plans to install a caisson and pipeline in order to flow the well to a nearby facility in West Delta 58. Initial production is expected in 90 – 120 days. MEUS holds a 54% working interest in this project.
MEUS is a wholly owned subsidiary of PT Medco Energi Internasional Tbk (“MedcoEnergi”), and specializes in mature field re-development activities in the Gulf of Mexico and coastal areas of Texas and Louisiana, USA.
MedcoEnergi is a publicly listed integrated energy company in Indonesia, with business involvement in oil and gas exploration and production, oil and gas drilling services, methanol production, LPG production and power generation. It has operations in Oman, Libya, and the Gulf of Mexico in the United States and in several areas in Indonesia.
Tuesday, May 1, 2007
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