Kufpec looks toward the start of eastern Indonesian oil field

Kuwait Foreign Petroleum Exploration Co. hopes to start production in late 2000 from Oseil field on Seram Island in eastern Indonesia.Kufpec (Indonesia) Ltd. drilled appraisal wells that flowed 650 and 6,300 b/d of 22° gravity oil, respectively, from the complex, highly fractured carbonate reservoir in 1998.The government extended the production sharing agreement for as long as 20 years from the previous expiration in November 1999. The site is 120 miles southwest of Irian Jaya and about 1,600 miles east-northeast of Jakarta.Kufpec holds 92.5% working interest, having acquired ARCO's interests. ARCO earlier described the field as the first substantial discovery in pre-Tertiary roc...

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