Black Platinum Energy is set to proceed with exploration and appraisal/development activities to prove its shallow gas plays in East Natuna, offshore Indonesia, despite low oil prices.

As part of its plans, the company will drill Paus Hitam-1 exploration well in its Sokang PSC and one or two appraisal wells in its North Sokang PSC within the next 12-18 months.

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During early 2017, one exploration well would be drilled targeting an unrisked mean exploration prospect, Paus Hitam-1 of P50 878 Bcf in the lower pliocene sands.

"A successful result in a Paus Hitam-1 well along with the adjacent East Dara gas discovery would further boost the commercial potential of shallow gas in the East Natuna region."

Black Platinum Energy CEO Judiana Ardiwinata said: "Recent success in the upper & lower pliocene (in interval above 800m) in the adjacent North Sokang PSC (East Dara gas discovery) provides a low CO2 play analogy for a Paus Hitam-1 well.

"A successful result in a Paus Hitam-1 well along with the adjacent East Dara gas discovery would further boost the commercial potential of shallow gas in the East Natuna region and likely unlock a huge amount of potential gas resources in the greater Natuna Sea, which were previously deemed shallow gas hazards and not commercially viable".

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In its North Sokang PSC, the company plans to drill one or two appraisal wells in mid- 2017 on the East Dara gas structure to further test the upper and lower pliocene gas resources.

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On the West Flank of the East Dara structure, the company plans to drill Dara 5 appraisal well and Dara-6 well.

Ardiwinata added: "The company had already studied a number of commercialisation options for the East Dara gas field, which included a tie-in to the West Natuna pipeline system, a new-build pipeline to Natuna Island and a FLNG vessel, and the company has determined a FLNG solution provided the best commercial and operational results."

For the East Dara gas field, the company completed a preliminary plan of development and further pre-FEED/FEED work was required to finalise the plan.