Exxon to spud Cepu exploration drilling in June

U.S. oil giant Exxon Mobil Corp. is scheduled to spud Alas Tua West exploration well at its Cepu giant oil, gas block in the border of Central and East Java mid June this year.

Maman Budiman, ExxonMobil Oil Indonesia's External Relation Vice President told Petromindo.Com on Tuesday that the firm will use Century rig for the drilling.

The company is targeted to drill at total depth (TD) of 4,000 meters with completion estimated within 60-90 days.

Earlier, Maman said that Exxon will start with Alas Tua West well in March, followed by Alas Tua Timur and Kedung Keris exploration wells.

Exxon and Pertamina each have 45 percent stake in Cepu block.(bernard)