Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAndalas Energy & Power Share News (ADL)

  • There is currently no data for ADL

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Andalas reports decent progress on Betun Selo KSO

Fri, 16th Aug 2019 16:23

(Sharecast News) - Upstream oil and gas company Andalas Energy and Power updated the market on operations on the Betun Selo KSO on Friday, reporting that the BTN14 well was now producing 30 barrels of oil per day, up from 4.5 barrels per day immediately after completion of the workover on 7 August.
The AIM-traded firm said the well was performing ahead of expectations.

At BTN01, it said the workover encountered a 11-metre column of scale, which necessitated a mechanical clean-out of the well and acidisation of the wellbore and perforations similar to the work carried out on BTN14.

"The rig is currently reinstating the well with the larger pump and will restart production from this well in the coming days," the Andalas board explained in its statement.

On BTN03, Andalas said that upon full reinstatement of the BTN01 pump, the rig would move to the BTN03 location, where it would be upgraded in preparation for the workover.

"[The workover is] expected to commence by the fourth week of August, subject to securing the necessary explosive permits from the Government and Pertamina."
More News
1 Nov 2019 12:12

UPDATE: United Energy Backs Call To Not Accept UK Petroleum Licence

UPDATE: United Energy Backs Call To Not Accept UK Petroleum Licence

Read more
1 Nov 2019 11:20

Baron And Andalas Say Joint Venture Will Not Accept Petroleum Licence

Baron And Andalas Say Joint Venture Will Not Accept Petroleum Licence

Read more
31 Oct 2019 13:10

Andalas Energy & Power Loss Widens On Expense From Asset Evaluation

Andalas Energy & Power Loss Widens On Expense From Asset Evaluation

Read more
27 Sep 2019 15:37

Andalas makes good progress with workover programme at Betun Selo

(Sharecast News) - Upstream oil and gas company Andalas Energy and Power updated the market on operations at the Betun Selo KSO, in which it has a production interest further to the agreement it announced on 21 June.

Read more
27 Sep 2019 13:14

Andalas Energy Begins Workover Operations At Indonesian Project

Andalas Energy Begins Workover Operations At Indonesian Project

Read more
21 Jun 2019 09:09

Andalas enters services agreement for work at Betun-Selo

(Sharecast News) - Andalas Energy and Power has entered into an operating services and option agreement in respect of the producing Betun-Selo KSO in Sumatra, Indonesia, it announced on Friday.

Read more
8 Mar 2019 15:40

Colter partners plummet after well testing disappoints

(Sharecast News) - Shares in Baron Oil, United Oil & Gas, Andalas Energy and Reabold Resources plummeted on Friday after test results showed the north part of the Colter prospect well is "unlikely to yield additional commercial volumes".

Read more
18 Feb 2019 14:06

Andalas says acquisition at Bunga Mas likely to fall through

(Sharecast News) - Andalas Energy and Power updated the market on its proposed acquisition of an interest in the Bunga Mas production sharing contract (PSC) on Monday, which it had initially announced on 29 August last year.

Read more
12 Feb 2019 15:47

Andalas dives as acquisition progress falters

(Sharecast News) - Andalas Energy and Power tumbled on Tuesday after its efforts to acquire the Bunga Mas PSC (PSC) prospect in Indonesia hit a snag due to a dispute with contractors at the site.

Read more
17 Dec 2018 09:12

Andalas pleased as Eagle Gas gets extension at Badger prospect

(Sharecast News) - Andalas Energy and Power updated the market on its investment in Eagle Gas on Monday, reporting that the Oil and Gas Authority had agreed a five-month extension of the initial term of licence P2112, to 19 May 2019.

Read more
10 Dec 2018 11:23

Andalas investment Eagle Gas negotiating licence extension

(Sharecast News) - Andalas, the owner of a 25% interest in Eagle Gas, updated the market on that investment on Monday, reporting that the operator - Holywell - was currently negotiating an extension to the initial licence term which ends on 19 December.

Read more
21 Sep 2018 11:08

Andalas Energy acquires interest in Colter prospect

(Sharecast News) - Upstream oil and gas and energy company Andalas Energy and Power has, through its 100%-owned subsidiary Resolute Oil & Gas UK, entered into an agreement with Corallian Energy to acquire, via a farm-in, an 8% interest in UK Continental Shelf Licence P1918 which contains the Colter prospect, as well as PEDL 330 and PEDL 345.

Read more
29 Aug 2018 08:42

Andalas acquires 25% interest in Indonesian oil project

(Sharecast News) - Andalas Energy has acquired an interest in the Bunga Mas production sharing contract, located in South Sumatra, Indonesia.

Read more
20 Aug 2018 08:35

Andalas Energy wraps up seismic work programme at Badger prospect

(Sharecast News) - Andalas Energy and Power provided investors with an update on its seismic interpretation work programme undertaken on the Southern North Sea Licence P2112.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.