Release: Cue Energy: Herbras -1 begins drilling
Wednesday, May 24 2006 - 02:50 AM WIB
May 24, 2006 ? Cue is pleased to announce that the Herbras -1 well began drilling on 24 May 2006.
The well is located in the Sampang Production Sharing Contract, offshore East Java, Indonesia, in 24 metre water depth, approximately 70km east of the Jeruk oil discovery.
Herbras -1 will be drilled as a vertical well to test sandstone objectives in a four way dip closure.
Participants in the Sampang PSC are:
Santos (Sampang) Pty Ltd (40.5%) (Operator)
Singapore Petroleum Sampang Ltd (36%)
Cue Sampang Pty Ltd (13.5%)
PT Petrogas Oyong Jatim* (10%)
*Subject to finalization.