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Indonesian regulator approves Phase 3 of the Oseil oilfield development

( May 19, 2015, 06:58 GMT | Insight) -- Indonesia's Special Task Force for Upstream Oil and Gas Business Activities, or SKK Migas, has given operator CITIC Seram Energy approval to continue Phase 3 of the Oseil field development, located onshore Seram Island in eastern Indonesia, Asian Oil &...Indonesia’s Special Task Force for Upstream Oil and Gas Business Activities, or SKK Migas, has given operator CITIC Seram Energy approval to continue Phase 3 of the Oseil field development, located onshore Seram Island in eastern Indonesia, Asian Oil & Gas reported. Phase 1 of the Oseil oilfield commenced on January 2000 while Phase 2 started in March 2004. Phase 3 will consist of up to 10 wells drilling within the Oseil-2 field, four of which have already been drilled under a negotiated arrangement with the regulatory body prior to the approval of Phase 3....

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