Eric Watkins
Senior Correspondent
LOS ANGELES, June 29 -- Serica Energy PLC, Calgary, has acquired use of the Seadrill 5 jack up drilling rig for four wells off North Sumatra, Indonesia, from PT Lins Petrotama Energi for a drilling program expected to start in first quarter 2007.
Chief Executive Paul Ellis said, "Serica is moving forward rapidly on the development of its gas fields on the Asahan and Glagah-Kambuna Blocks offshore north Sumatra, and this rig contract demonstrates our ability to source the equipment we need despite the present intense level of oil industry activity."
Earlier, Serica agreed to sell its 10% interest in the Lematang production-sharing contract in South Sumatra to partner Lundin Petroleum AB, Stockholm, for $5 million (OGJ Online, June 14, 2006).
Contact Eric Watkins at [email protected].
