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Range Resources begins operations in Indonesia

Re-opening work on the first well, POG-D, has already started

Range is planning an extensive programme at Perlak

Range Resources Ltd (LON:RRL) has started operations at its Perlak field in Northern Sumatra, Indonesia.

Re-opening work on the first well, POG-D, has already started and is expected to be completed by the end of this month.

READ: Range Resources exceeds oil production targets thanks to recent well optimisation work

Following re-opening of the well, the same rig will be used to undertake a workover on the well.

A second well, POG-E, is also planned for reopening with the programme to open up to ten previously producing wells; two workovers (POG-D and POG-E wells); and exploration work.

The work programme is expected to add 200 barrels of oil per day of production (gross).

Yan Liu, chief executive, said Perlak field is one of the oldest producing oilfields in the world and geologically similar to Range’s producing assets in Trinidad.

“Our objective in Indonesia this year is to reinitiate production from this mature field, commence cashflows and firm up the future development plan.” 

Quick facts: Range Resources

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Market: AIM
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