Mirach Energy Limited, a Singapore-listed company, reported that the KM-607 well at the Kampung Minyak (KM) oil field in south Sumatra, Indonesia has started production.
Production had been delayed due to the need to enhance surface facilities, including the procurement and installation of a new wellhead, which could be carried out only after obtaining PT Pertamina’s approval.
The current daily production at KM-607 averages at approximately 220 barrels of oil per day (b/d), on natural reservoir pressure without the need for a lifting pump. The cost of drilling and completing KM-607 is estimated at $850,000.
With the addition of KM-607, total daily production per day at KM is now approximately 360 b/d.
