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UAE’s Aabar makes new oil find in Indonesia
ABU DHABI - Abu Dhabi’s Aabar Petroleum Investments Co. has made a new oil find in Indonesia, the company said in a statement on Thursday.
Oil flowed at 2,065 barrels per day (bpd) from an exploration well in Aabar’s onshore Tunkgal concession.
The well is 2.5 kilometres from the Mengoepeh oilfield which began production in December 2004.
Aabar owns 70 percent of the concession, while Canada’s privately-owned Fuel-X International owns the rest.
Abu-Dhabi-listed Aabar has net output of 20,000 bpd of oil from operations in Thailand and Indonesia. The company plans to drill 10-15 exploration wells in 2007.
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