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Medco's Testing in Libya Completed

11 July 2007 15:36 WIB

TEMPO Interactive, Jakarta: Medco International Ventures Limited, a subsidiary of PT Medco Energi Internasional Tbk., has completed the testing of the flow of light sweet crude oil at four exploration mines in Area 47, Libya. The test results, according to Andi Karamoy, MedcoEnergi's Company Secretary, were good. This means they are the same as the A1-47/02 mines results, which reached a maximum combination level of 12,500 barrels of oil per day (gross). Andy said that it was expected the reserves in Area 47 sould strengthen the company's portfolio. And also be able to make a significant contribution to all of MedcoEnergi's performance in the future, he said in a press statement on Wednesday (11/7).At the B1-47/02 exploration mine, Verenex Energy Inc, which is the operator, has also completed flow testing at perforations of 312 feet deep at five reserves in the Lower Acacus and Middle Acacus formations. The light sweet crude oil flow level exceeded the level that was reached by the A1-47/02 mine.Medco International Ventures Limited and Verenex each own 50 percent of Area 47. Verenex is an international oil and natural gas exploration and production company which is based in Canada.Wahyudin Fahmi


Long Weekend Holiday: Odd-even Traffic Scheme Applied on Puncak Line Until Sunday

1 jam lalu

Long Weekend Holiday: Odd-even Traffic Scheme Applied on Puncak Line Until Sunday

Bogor Police is implementing the odd-even traffic scheme on the Puncak tourism line, Bogor, West Java, from Wednesday afternoon until Sunday (June 4)


Maritime Ministry Justifies Revocation on Sea Sand Export Ban

8 jam lalu

Maritime Ministry Justifies Revocation on Sea Sand Export Ban

The government answers a public discourse that alleges foreign interest had pressured the reopening of sea sand exports.


Police to Take Firm Action Against Human Trafficking

8 jam lalu

Police to Take Firm Action Against Human Trafficking

Police will follow up on President Joko Widodo's orders to swiftly handle crimes related to human trafficking.


Finance Ministry Projects Economic Growth in 2024 Political Year

9 jam lalu

Finance Ministry Projects Economic Growth in 2024 Political Year

The government projects that Indonesia's economic growth during the 2024 political year will grow higher.


Govt Aims to Speed Up Bantaeng EV Battery Plant Project

10 jam lalu

Govt Aims to Speed Up Bantaeng EV Battery Plant Project

The Indonesian government aims to accelerate the electric vehicle or EV battery plant in South Sulawesi.


Environmental Watchdog Urges Jokowi to Annul Sea Sand Export

11 jam lalu

Environmental Watchdog Urges Jokowi to Annul Sea Sand Export

Environment watchdog WALHI asks President Jokowi to cancel the sea sand export that is recently reintroduced.


New Paradigm of Development Planning

12 jam lalu

New Paradigm of Development Planning

The keyword for the development plan in realizing Indonesia Emas 2045 (Golden Indonesia 2045) is "Transform".


Energy Minister Clarifies Unbanned Sea Sand Export Policy

13 jam lalu

Energy Minister Clarifies Unbanned Sea Sand Export Policy

The Energy Minister opens up about Indonesia's decision to lift the ban on sea sand exports.


Migrant Workers Protection Agency: Mafia in Uniform

14 jam lalu

Migrant Workers Protection Agency: Mafia in Uniform

Chair of Migrant Workers Protection Agency, Benny Rhamdani, on illegal migrant worker syndicates.


Jakpro Formula E Jakarta Tickets Complete List

15 jam lalu

Jakpro Formula E Jakarta Tickets Complete List

Jakpro issues the complete pricelist for the upcoming Ancol Circuit Formula E race on June 3-4.