Indonesia

A subsidiary of Ramba Energy Ltd., Singapore, will drill two exploratory wells in 2011 on the 3,890 sq km Lemang PSC in South Sumatra, Indonesia, adjacent to the PetroChina-operated Jabung block, which is producing 58,000 b/d of oil equivalent.

Nov. 30, 2010

By OGJ editors
HOUSTON, Nov. 30 – A subsidiary of Ramba Energy Ltd., Singapore, will drill two exploratory wells in 2011 on the 3,890 sq km Lemang PSC in South Sumatra, Indonesia, adjacent to the PetroChina-operated Jabung block, which is producing 58,000 b/d of oil equivalent.

Ramba Energy Ltd., through its Indonesian affiliate PT Hexindo Gemilang Jaya, now holds 41% interest in the Hexindo-operated block. Super Power Enterprise Group Ltd. holds the rest. The first exploratory drillsite is chosen.

Four exploratory wells, 500 line-km of 2D seismic, and 500 sq km of 3D seismic are to be delivered under the Lemang PSC which carries a 30-year term that began in January 2007. For 2011, Indonesian oil and gas regulator BPMIGAS has approved two exploration wells and some seismic surveys.

Ramba Energy signed a technical assistance agreement in October 2009 with PetroChina Jabung to tap existing infrastructure and technical expertise.

Ramba Energy also holds a 70% interest in the Jatirarangon gas block in West Java, and on Oct. 8, 2010, the Ramba Energy group won a bid for an operation cooperation agreement offered by Pertamina to conduct oil and gas exploration activities in the West Jambi Block on Sumatra.