Medco E&P to drill 157 wells next year

Oil and gas firm PT Medco Energi E&P Indonesia plans to spend about US$190 million to drill 157 wells next year, a company official told Petromindo.Com on Friday.

Company general manager of Central Sumatra Extension Pujo Sumarno said of the 157 wells, 14 are exploration wells, 12 delineation wells, and 131 development wells.

?	Number of well(s)			?
?	Exploration	Delineation	Development	?
Working Areas	?	?	?	?
1 Langsa TAC	-	-	2	2
2 Central & SSE Sumatra PSC	4	-	16	20
3 Rimau PSC	-	-	67	67
4 Lematang PSC	-	-	1	1
5 Merangin PSC	1	2	-	3
6 Kakap PSC *	1	-	-	1
7 Tuban PSC *	3	5	18	26
8 Brantas PSC *	2	1	6	9
9 Madura JOB	-	2	-	2
10 Tarakan PSC	1	-	2	3
11 Sanga-sanga/Samboja/ TAC	-	-	4	4
12 Simenggaris PSC	1	2	-	3
13 Bengara PSC	1	-	-	1
14 Nunukan PSC	-	-	-	-
15 Senoro-Toili JOB	-	-	4	4
16 Sembakung TAC	-	-	4	4
17 Mogoi	-	-	7	7
TOTAL	14	12	131	157
* Non-Operated	?	?	?	?

Pujo said Medco E&P expected to start the drilling program in January 2006.

In July, parent company PT Medco Energi Internasional signed an agreement with U.S. oil firm Anadarko Petroleum Corporation to jointly explore 13 blocks over areas totaling 7.8 million acres onshore and offshore Sumatra, Kalimantan, Sulawesi, Java and Papua.

Anadarko has committed to spend $80 million for the exploration activities over a period of three years. (godang)