AWE?s Liyun-1 drilling update
Thursday, June 24 2010 - 06:03 PM WIB
(June 24, 2010) AWE Limited reports that at 0600 hours today (Indonesian time) the Liyun-1 well was carrying out minor rig repairs after reaching a measured depth of 491 metres.
Progress for the week was 405 metres.
Liyun-1 is an exploration well in the Bulu Production Sharing Contract, which is located in the East Java Basin, offshore Indonesia.
The Liyun-1 well has a planned total depth of approximately 2,570 metres.
The well is being drilled approximately 35 kilometres offshore in a water depth of approximately 55 metres. Liyun-1 is targeting the oil potential of the Kujung I reef carbonates, currently producing in acreage to the east of the Bulu Production Sharing Contract.
The participants in the Bulu Production Sharing Contract are: AWE Limited 42.5%, Pearl Oil (Satria) Ltd (Operator) 42.5%, PT Satria Energindo 10.0%, PT Satria Wijaya Kusuma 5.0%. (ends)