MontDâor could be offering a farm-in opportunity in the West Salawati PSC, in onshore/offshore West Papua, as of September 2019. The onshore portion of the block, located in the Salawati Island, contains the Baladewa oil field which was brought onstream in early 2018 from the recompletion of discovery well Baladewa 1.  Aside from development and production activities, the company is also assessing near-field prospectivity in view of future exploration drilling, likely targeting the Kais Formation.  The Baladewa field was producing approximately 130 bo/d in Q1 2019, from Upper Miocene Kais Formation limestones. Initial output from the field was reported at around 350 bo/d. MontDâor received approval for the Baladewa Plan of Development (POD) in 2017.  MontDâOr is operator and sole interest holder in the West Salawati PSC since 2011.The block was originally awarded to Pearl Energy in 2003.  Background Information  The block was awarded to Pearl Energy in November 2003. It was part of the "Third Round" of Migas-controlled acreage releases which closed on 31 July 2003. Pearl paid a signature bonus of USD 1.25 million and committed to invest USD 10 million for the first three years of exploration, which includes reprocessing of 6,000 km 2D and 300 sq km 3D seismic data plus drilling one exploration well. Genting entered the block in 2005, acquiring 49.99 % participating stake, but exited in 2010. Gentingâs stake was re-acquired by Pearl Energy.  Pearl completed drilling operations at Cilipgo 1 wildcat in 2007. The well was plugged and abandoned as a gas and oil shows well after reaching a total depth of 3,729 m. In late 2007, 97.5 km 2D seismic data was acquired in the block, which was part of a 735.7 km transition zone joint survey with the PT Pertamina/PetroChina JOB, which acquired 638 km of offshore 2D seismic data in its Salawati Kepala Burung JOA. In February 2007, Pearl also completed the acquisition of 1,191 km of 2D marine seismic and before that in 2006, 146 sq km of 3D land seismic was acquired.   MontDâOr Asia Ltd acquired 100% shares from Pearl on 19 January 2011.  Wildcat Baladewa 1 was spudded in February 2015. The well was primarily targeting carbonate build-up of the Miocene Kais Formation. The well was suspended in May 2015 due to technical issues. Last reported drilled depth was past 1,950 m by late March 2015. Drilling was resumed possibly in early 2016, and the well flowed oil from the Kais reservoir. The well had a PTD of approximately 3,500 m.  Baladewa 1 was the first well drilled by MontDâOr after the company received a two-year extension for the exploration phase on 12 March 2014.
MontDâor could be offering a farm-in opportunity in the West Salawati PSC, in onshore/offshore West Papua, as of September 2019. The onshore portion of the block, located in the Salawati Island, contains the Baladewa oil field which was brought onstream in early 2018 from the recompletion of discovery well Baladewa 1.