Pidawan-1 drilling update
Tuesday, April 9 2002 - 05:24 AM WIB
Australian listed oil firm CityView Corporation Limited said on Tuesday that drilling by its joint venture partner PT. Medco Energi International at Pidawan-1 well in Simenggaris Block in East Kalimantan had resumed and reached a depth of 2,908 feet.
Earlier CityView reported that drilling at Pidawan-1 well was halted due to completion of the dredging of the 2,165 feet approach channel.
According to CityView, Medco planned total depth of 5,000 feet for this well.
CityView is free carried by Medco throughout the drilling of this well and has a 15.625 percent interest in Simenggaris JOB.
Medco is Indonesia?s biggest publicly listed oil company. (robert)