PIPRL at Glance
Puri Block was awarded by the Government of Republik Indonesia and BPMigas to PT.- Sargas & Vega on May 18th, 2010 through a Joint Study scheme. Puri Petroleum Resources Limited is the operator of the Puri Block.
Puri Block covers an area of 1757.70 sq.km2 in the Riau Province covering the Southern portion of the prolific Central Sumatra Basin. The Block lies in the Southern end of Lirik and Parum oilfield trend as well as Merbau and Binio oilfield trend.
Previous operators in the Puri Block include Stanvac, Total Indonesie and Shell BV. Our internal studies revealed that only 2 (two) out of 8 (eight) wells drilled by previous operators are dry wells. The rest are either discovery wells or wells with gas and oil shows from mudlogs and petrophysical analysis.
We strongly believe with new (additional) seismic data and drilling exploratory wells, new oil and gas accumulations could be found in the Puri Block.
Our management members have previously held key management position in various multinational oil and natural gas companies. The average industry experience of our management team is over 25 years.
Our technical teams are highly qualified individuals with solid track record domestically and internationally in the upstream oil and gas industri.