Gulf Indonesia completes 3D seismic over Ketapang oil, gas dicoveries
Wednesday, March 6 2002 - 03:44 AM WIB
Gulf Indonesia Resources, a 72 percent subsidiary of Conoco Canada Resources said on Tuesday that it had completed 3D seismic survey over its Ketapang production sharing contract (PSC) offshore East Java following a series of significant oil and gas discovery the company made last year.
?We will process and evaluate the 3D seismic study to determine next delineation drilling location,? Supramu Santosa, the company?s administration vice president told Petromindo.com.
On July 10, Gulf Indonesia announced oil and gas discoveries on the Jenggolo-1 well and Payang-1 gas discovery in the Ketapang PSC, following earlier oil, gas find in Bukit Tua-1 well.
Gulf Indonesia, which holds a 50 per cent working interest in the Ketapang PSC, is contract operator for Pertamina, the Indonesian state oil company. Gulf's partner is Petronas Carigali Overseas Sdn Bhd, a subsidiary of Malaysian national oil and gas corporation Petronas, which holds the remaining 50 percent. (godang)