According to Zhitong Finance App, Huayou Energy (01251.HK) issued an announcement regarding the company's subsidiary PT CIPTA NIAGA GEMILANG (CNG) and PIONEER OIL INDONESIA to carry out oil and gas exploration, development and production activities in the Jabangtenga block (contract area of 8728.34 square kilometers) in Indonesia's South Sumatra Basin. CNG has completed drilling operations for the BET-X risk exploration well in the Betara Depression deep slope zone in this block. The well was drilled on September 5, 2026, and drilled to a depth of 9032 feet on October 1, 2026. The following main stages were understood: the strata were complete, in line with design expectations. A total of 42 gas measurement anomalies - strong anomalies were identified, with a total thickness of 560 feet. According to preliminary explanations from naked eye logging data, multiple sets of potential oil and gas layers are concentrated and continuously distributed in the Talang Akar group sandstone composition under the main target layer. The reservoir thickness is large, the physical properties are high, oil saturation is high, gas measurement components are complete, and the humidity range is 8.9%-56.2%. The analysis suggests that light oil and natural gas coexist, indicating that the supply of hydrocarbons in the region is large and there is multiple periods of accumulation. No carbon dioxide or hydrogen sulfide was detected in the entire well. The above findings confirm that the block Betara and the surrounding area of thousands of square kilometers of depression and slope have good oil and gas resource potential and exploration and development prospects. At the same time, they will also provide a reference for promoting the exploration and development of lithic oil and gas reservoirs in Indonesia's onshore basins. The company is actively and steadily carrying out subsequent tests of the BET-X well.
Zhitongcaijing · 2d ago
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According to Zhitong Finance App, Huayou Energy (01251.HK) issued an announcement regarding the company's subsidiary PT CIPTA NIAGA GEMILANG (CNG) and PIONEER OIL INDONESIA to carry out oil and gas exploration, development and production activities in the Jabangtenga block (contract area of 8728.34 square kilometers) in Indonesia's South Sumatra Basin. CNG has completed drilling operations for the BET-X risk exploration well in the Betara Depression deep slope zone in this block. The well was drilled on September 5, 2026, and drilled to a depth of 9032 feet on October 1, 2026. The following main stages were understood: the strata were complete, in line with design expectations. A total of 42 gas measurement anomalies - strong anomalies were identified, with a total thickness of 560 feet. According to preliminary explanations from naked eye logging data, multiple sets of potential oil and gas layers are concentrated and continuously distributed in the Talang Akar group sandstone composition under the main target layer. The reservoir thickness is large, the physical properties are high, oil saturation is high, gas measurement components are complete, and the humidity range is 8.9%-56.2%. The analysis suggests that light oil and natural gas coexist, indicating that the supply of hydrocarbons in the region is large and there is multiple periods of accumulation. No carbon dioxide or hydrogen sulfide was detected in the entire well. The above findings confirm that the block Betara and the surrounding area of thousands of square kilometers of depression and slope have good oil and gas resource potential and exploration and development prospects. At the same time, they will also provide a reference for promoting the exploration and development of lithic oil and gas reservoirs in Indonesia's onshore basins. The company is actively and steadily carrying out subsequent tests of the BET-X well.
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