Australia-based Bass Oil has highlighted an additional 1.6 million barrels (0.893 million barrels net) of low-cost, unrisked potential oil resources at two exploration prospects in the Tangai-Sukananti KSO area of the South Sumatra Basin, Indonesia.

These two new targets were discovered during an independent review of the company’s 55% stake in the KSO that was commissioned in 2017. Mega Adhyaksa Pratama Sukananto holds the remaining 45% stake.

“Bass Oil plans to add the two prospects in the 2018/2019 drilling and development programme.”

The study was carried out by independent petroleum geoscience and engineering consultancy UNPAD, which is part of Indonesia’s Padjadjaran University.

The two exploration prospects target oil potential at multiple reservoir levels within the Talang Akar Formation, which contains oil-producing reservoirs in the existing Bunian TRM3SS, GRM and K1 sands and Tangai GRM, K1 and M sands fields.

The first prospect Sukananti Updip lies south of the Bunian oilfield. It has a high estimate upside of 3.156 million barrels oil on an unrisked, prospective, recoverable basis.

The second prospect Bunian West is a faulted, anticlinal closure to the west of the Bunian field and has a high-estimate upside of 0.814 million barrels of oil on an unrisked, prospective, recoverable, best estimate basis.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Bass Oil plans to add the two prospects in the 2018/2019 drilling and development programme, subject to approval from the Indonesian Government’s authorities.