RH Petrogas Discovers Oil in Indonesia Well

RH Petrogas Limited (SG:T13) has released an update.

RH Petrogas Limited has announced the completion of the Piarawi-1 exploration well in the Salawati PSC, Indonesia, achieving a deeper than expected total depth of 11,050 feet and discovering approximately 25 feet of net oil pay. Despite encountering tighter than anticipated oil-bearing carbonate reservoirs, the company is optimistic about the well’s potential, pending further appraisal to evaluate its commercial viability. This exploration is part of RH Petrogas’s ongoing efforts to expand its presence as a leading independent energy company in the ASEAN region.

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