It is understood that MontDâor continued to offer a farm-in opportunity in the Tungkal PSC, located in onshore South Sumatra, in September 2019. The block contains three producing fields, Mengoepeh, Mengoepeh South and Pematang Lantih.  The company is conducting a development drilling campaign in the block, with two wells completed in the Pematang Lantih field in late 2018. Further drilling is planned in the Pematang Lantih and Mengoepeh fields, possibly in late 2019 to 2020. The operator is likewise assessing the remaining prospectivity in the block, based on the available seismic and new well data.  The block produced approximately 1,200 bo/d in Q1 2019.  MontDâor operates the Tungkal PSC with 100% interest, of which 30% is held by MontDâorâs affiliated company Fuel-X Tungkal. The PSC is due to expire in August 2022. In November 2018, a new 20-year contract was awarded to the same operator under gross split fiscal terms.  A farm-in opportunity in the block was previously offered in 2016.  Background Information    The 9,155 sq km Tungkal PSC was originally awarded to Asamera on 26 August 1992 upon payment of bonuses totaling USD 1.5 million. The PSC carried a work obligation of USD 9.167 million in three years, USD 21.137 million in six years and USD 32.357 million in 10 years. Two 25% partial relinquishments in November 1995 and August 1998 reduced the block area to 4,577 sq km. In May 1993, Freeport McMoran Inc farmed in for 40% but withdrew in August 1996. Asamera was re-named Gulf Resources in 1997.  Asamera acquired a 278 km 2D survey between November 1992 and February 1993 and a 1,074 km 2D survey between July 1993 and January 1994. Asamera drilled Kilis 1 (dry) in July 1994 and Lingir 1 (dry) in August 1994. In 1995 a further 409 km of 2D data was acquired and followed in late 1996 by a five well programme that lasted until October 1997. The first well, Mengoepeh 1, resulted in an oil and gas discovery (maximum 1,296 bo/d plus 3.269 MMcf/d from an unnamed formation). This was followed by wildcat Seling 1 (dry), delineation wells Mengoepeh 2 (oil shows) and Mengoepeh 3 (dry), and wildcat Rasa 1 (dry).  First production from the Mengoepeh field took place in December 2004 at 300 bo/d from one well, Mengoepeh 7. In early 2005, production stood at 1,200 bo/d from four wells Mengoepeh 7, 8, 9 and 11. Produced oil was transported to the Plaju refinery at Palembang.  The Pematang Lantih field was discovered in December 2014 from wildcat Pematang Lantih 3. MontDâor completed at least four DSTs in the Talang Akar Formation, recording oil flow. The well was spudded in mid-September 2014 and reached a TD of 1,425 m on 2 October 2014. Pematang Lantih 3 was targeting oil within sandstone reservoirs of the Upper Oligocene to Lower Miocene Talang Akar Formation. The well was put on production in July 2015. The prospect, located in the Pematang Lantih anticlinorium, was originally drilled in the late 1930s by BPM, with two unsuccessful wells.  The last reported exploration activity in the block was the drilling of the Pematang Lantih 4 appraisal well in late 2015. The well was spudded on 19 September 2015 and it had a PTD of around 1,450 m, primarily targeting the Talang Akar sandstones.    The Pematang Lantih field was initially brought onstream in July 2015 via Put on Production (POP) scheme of discovery well Pematang Lantih 3. Production rate from the well was reported at around 1,300 bo/d.  In May 2016, MontDâor reported that the combined production from the Mengoepeh, Mengoepeh South and Pematang LantihÂ fields was around 1,500 to 1,700 bo/d during the first half of the year.    A full Plan of Development (POD) for Pematang Lantih was approved in 2017, involving the drilling of two new development wells (Pematang Lantih 8 and 9). A Plan of Further Development (POFD) is believed to have been approved in mid-2018, calling for additional development drilling in the field.
It is understood that MontDâor continued to offer a farm-in opportunity in the Tungkal PSC, located in onshore South Sumatra, in September 2019. The block contains three producing fields, Mengoepeh, Mengoepeh South and Pematang Lantih.