CNOOC strikes oil, gas offshore E. Java

Hong Kong-based oil firm CNOOC Limited announced on Friday that it had made three oil, gas discoveries in West Madura Production Sharing Contract (PSC) area, offshore East Java, Indonesia.

The company said well KE 38-1, which encountered 54.5 feet of oil pay and 642.5 feet of gas pay in the Kujung I carbonate, was drill stem tested to flow 935 barrels of oil and 0.34 million cubic feet of gas per day, respectively.

Well logs confirmed well KE 54-1 and KE 32-1 also contained substantial oil and gas pays in the Kujung I Carbonate Formation, said the company.

CNOOC Limited has 25 percent working interest in West Madura PSC. (alex)