Medco?s weekly drilling & exploration activities

Tuesday, December 13 2005 - 02:59 PM WIB

PT MEDCO ENERGI INTERNASIONAL TBK & SUBSIDIARIES
WEEKLY DRILLING & EXPLORATION ACTIVITIES
Week ending December 9, 2005

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EXPLORATION / APPRAISAL WELLS

Mudi B-24, Tuban PSC JOB, East Java, Indonesia

Interest

25% through PT Medco E&P Tuban

Operator

PetroChina International

Type

Oil and Gas Development

Status at 0600hrs

Drilling w/ 8?" bit to TD of 9372'MD/8950'TDV, run wireline logs, Condition hole with bit, POOH, RIH w/ completion string, set 9 5/8" packer at 9071'MD. Swabbing

Next Plan

Continue testing.

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Jata-4ST, South Sumatra Extension PSC, South Sumatra, Indonesia

Interest

100% through PT Medco E&P Indonesia

Operator

PT Medco E&P Indonesia

Type

Oil and Gas Exploration

Status at 0600hrs

Shut in well for PBU, while waiting for separator.

Next Plan

Open well for stable rate, run deliverability test.

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Rengas-1, South Sumatra Extension PSC, South Sumatra, Indonesia

Interest

100% through PT Medco E&P Indonesia

Operator

PT Medco E&P Indonesia

Type

Oil and Gas Exploration

Status at 0600hrs

POOH w/ 2 7/8" tubing, set pressure test drillable bridge plug at 3910'. Set and tested 7" packer at 3673'. N/U X'mast tree and test.

Next Plan

Continue testing PERF #2.

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Gesang-1, Merangin-1 PSC, Jambi, Indonesia

Interest

100% through PT Medco E&P Indonesia

Operator

PT Medco E&P Indonesia

Type

Oil and Gas Exploration

Status at 0600hrs

Drilling 8?" hole at 5611'MD/TVD.

Next Plan

Drill ahead w/ 8?" bit to TD.

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Fariz-3, South Sumatra Extension PSC, South Sumatra, Indonesia

Interest

100% through PT Medco E&P Indonesia

Operator

PT Medco E&P Indonesia

Type

Oil and Gas Exploration

Status at 0600hrs

Drilling rig released and moving to Anyelir-1 exploratory well.

Next Plan

Testing by the rig service.

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Anyelir-1, South Sumatra Extension PSC, South Sumatra, Indonesia

Interest

100% through PT Medco E&P Indonesia

Operator

PT Medco E&P Indonesia

Type

Oil and Gas Exploration

Status at 0600hrs

Moving.

Next Plan

Spud in well, drilling 17?" hole.

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DEVELOPMENT WELLS

S Pamusian 2005-1, Tarakan PSC, East Kalimantan, Indonesia

Interest

100% through PT Medco E&P Kalimantan

Operator

PT Medco E&P Kalimantan

Type

Oil Development

Status at 0600hrs

Moving to S Pamusian 2005-1.

Next Plan

Drilling at S Pamusian 2005-1.

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Kaji Water Flood 2005-3, Rimau Block PSC, South Sumatra, Indonesia

Interest

95% through PT Medco E&P Indonesia

Operator

PT Medco E&P Indonesia

Type

Oil Development

Status at 0600hrs

Drilled 8?" hole to TD of 3839'MD/3055'TVD, run wireline log, run 7" casing N/U X'mast tree, rig released and moving to SWF 2005-2 well.

Next Plan

Testing by the rig service.

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Semoga Water Flood 2005-2, Rimau Block PSC, South Sumatra, Indonesia

Interest

95% through PT Medco E&P Indonesia

Operator

PT Medco E&P Indonesia

Type

Oil Development

Status at 0600hrs

Spudded in well, drilled 17?" hole to 125'. Circ to run 13 3/8" casing.

Next Plan

Run 13 3/8" casing, drill ahead w/ 12? bit, run 9 5/8" casing.

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Kaji Semoga 2005-28, Rimau Block PSC, South Sumatra, Indonesia

Interest

95% through PT Medco E&P Indonesia

Operator

PT Medco E&P Indonesia

Type

Oil Development

Status at 0600hrs

Spudded in well, ran 13 3/8" and 9 5/8" casing, drill ahead w/ 8?" bit to 2175'MD/1877'TVD.

Next Plan

Drill to TD, logging, run 7" casing.

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SEISMIC SURVEY

Tarakan 2D/3D, Tarakan TAC, East Kalimantan, Indonesia

Interest

100% through PT Medco E&P Tarakan

Operator

PT Medco E&P Tarakan

Type

2D/3D Seismic Survey

Activities

3D Survey: Completed
2D Survey: Completed

Next Plan

Continue with drilling shothole (2D survey area).

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