PETALING JAYA: NuEnergy Gas Ltd, a subsidiary of Globaltec Formation Bhd (GFB) that is listed on the Australian Security Exchange, has completed the drilling for the TE-B06-003 well within its Tanjung Enim production sharing contract (PSC) plan of development one in South Sumatra, Indonesia.
In a filing with Bursa Malaysia, GFB said the TE-B06-003 the third of four planned coal bed methane (CBM) wells, and is targeting an initial gas sales volume of one million standard cubic feet per day.
