Release: Cue Energy: Progress Wortel-1 well
Thursday, August 24 2006 - 07:40 AM WIB
The Wortel exploration well is being drilled 7km west of the Oyong oil and gas field in the Sampang PSC, offshore Indonesia. The Operator (Santos) has advised that the well is at a depth of 1247 metres.
Current operations are that a wiper trip is being run. Following conditioning of the hole, it is planned to run wire-line logs and then to run and cement casing prior to drilling ahead.
The well has penetrated the top Mundu limestone reservoir at a depth of 1242m, with gas and fluorescence indicated from mud logs. Top reservoir is 56m low to prognosis
The hydrocarbon shows will require further evaluation before their significance (if any) can be determined.
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). (end of release)