Indonesia
West Kampar, Central Sumatra
Oilex entered into a farmin agreement with Sumatera Persada Energi to acquire 45 % equity in the West Kampar PSC in Central Sumatra, Indonesia. A subsequent arrangement whereby Oilex would acquire an additional 15% was terminated so the Joint Venture currently comprises Sumatera Persada Energi (55%) and Oilex (45%).
The Pendalian-3 well was drilled and tested in late 2007 and confirmed the presence of two shallow producible oil zones in the Sihapas Sandstone reservoirs. An application to produce from the Pendalian-3 well was submitted to the Indonesian regulator in 2008 and a seismic program initiated.
In addition to the Pendalian-3 development, plans are under way for the drilling of the Pendalian-4 and additional exploration wells in 2009.
