Diakrino Corporation, a seasoned player in the energy sector, has teamed up with PPMW (Indonesia) to breathe new life into the Mogoi Wasian oil fields, located in the Bintuni Bay of West Papua, Indonesia. This strategic partnership aims to unlock the vast potential of these fields, which were initially discovered by Shell in the 1950s. With a history of producing millions of barrels of oil, Mogoi Wasian stands on the brink of a significant resurgence.
About Diakrino Corporation
Founded in 2002, Diakrino Corporation has built a strong reputation in the energy industry, specializing in both renewable and non-renewable resources. The company’s comprehensive approach covers the entire lifecycle of energy assets, from exploration to production, while maintaining a firm commitment to environmental sustainability and regulatory compliance. Diakrino’s mission is to create a better future through the conscious and effective use of natural resources, driven by a team of highly skilled professionals.
The Mogoi Wasian Oil Fields
The Mogoi Wasian oil fields has a storied past, having produced 8.2 million barrels of oil at its peak in the mid-1950s. Modern evaluations by Lemigas in 2005 and Gaffney Cline Associates in 2008 have estimated the field’s reservoirs to hold between 135 to 211 million barrels of oil, with around 20 million barrels considered recoverable. This excludes potential reserves in undrilled field extensions.
Furthermore, the deeper gas zones of Mogoi Wasian, located between 2,450 to 2,800 meters, have significant untapped potential. Estimates suggest a Gas Initially In Place (GIIP) range of 340 to 1,047 billion standard cubic feet (BSCF), with further exploration required to fully assess these reserves.
The Oil Pump at the Mogoi Wasian Oil Fields, as it was before maintenance work.
Investment Opportunities
Diakrino Corporation is actively seeking to raise $25 million to enhance the development and production capabilities of the Mogoi Wasian fields. With an impressive Internal Rate of Return (IRR) exceeding 100%, this investment presents a unique opportunity for substantial financial returns.
Future Vision
Diakrino’s vision extends beyond mere resource extraction. The company is dedicated to fostering sustainable development and economic growth in the Bintuni region. By integrating advanced technologies and adhering to rigorous environmental standards, Diakrino aims to ensure that the benefits of the Mogoi Wasian project are shared with local communities and contribute to global energy security.
Successful reactivation and expansion of the Mogoi Wasian oil fields will not only solidify Diakrino’s position in the energy sector but also pave the way for future innovations and projects. This initiative is poised to create a positive impact, from boosting local economies to advancing global energy solutions.
Conclusion
The Mogoi Wasian oil fields project, under the stewardship of Diakrino Corporation, represents a compelling investment with significant upside potential. With its vast reserves, strategic development plans, and commitment to sustainability, Diakrino is well-positioned for a prosperous future. This project is more than just an investment opportunity; it is a chance to be part of a transformative journey that aligns financial growth with environmental stewardship and community development.
For more information on how to invest in this promising venture, please contact Diakrino Corporation at info@diakrino.com or call +44 7919356361 (London) or +1 949 295 6460 (New York).