Oyong-2 drilling update
Thursday, July 12 2001 - 03:32 AM WIB
Australian listed oil and gas explorer Cue Energy Resources Limited (Cue) announces Thursday that on 12th July 2001, the Oyong-2 well in the Sampang PSC offshore East Java, was at a depth of 1500 metres and was running intermediate wireline logs, prior to running a 11(3/4)" liner.
Oyong-2 is located approximately 125 meters north of the Oyong-1 discovery well and is designed to appraise the gas and oil zones penetrated in the Oyong-1 well and to drill the deeper Wonocolo and Ngrayong primary objectives that could not be reached in Oyong-1.
The well is programmed to a total depth of 2280 metres.
Participants in the Sampang PSC are: Cue Sampang Pty Ltd (15 percent), Santos (Sampang) Pty Ltd (45percent,Operator) and Coastal Indonesia Sampang Ltd (40percent). (*)