Extracted from NGY’s latest Quarterly Report ended June 2023 which was released on 21 July 2023 - Update on Muralim PSC -
NuEnergy continues to conduct the dewatering process on MU-005TW Well to determine its gas production data. The water production is higher than earlier expected and this has slowed the progress to complete the dewatering process. NuEnergy plans to improve the dewatering rate by activating an existing well, MU-006.
Due to the high-water production causing a delay in the completion of the dewatering process, NuEnergy had discussions with SKK Migas to extend the exploration period beyond the deadline of 18 July 2023. SKK Migas has agreed and has made a recommendation to the MEMR for a 19 months’ extension of the exploration period.
