Santos Indonesian drilling update
Thursday, March 10 2005 - 05:28 AM WIB
The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending March 10, 2005:
| Wildcat Exploration Wells | Pangkal 1 |
| Type | Oil Exploration |
| Location | Indonesia |
| Papalang, PSC, Kutei Basin, Offshore Kalimantan, 55km SE of the Gada 1 Gas Field, and 220km ENE of Balikpapan. | |
| Status at 1600hrs -10/03/05 (Jakarta Time) | Drilling ahead. The current depth is 4715m with 549m progress for the week. |
| Planned Total Depth | 4907m |
| Interest | Santos Group 20% |
| ENI 25% | |
| Zudavi 31% | |
| Unocal 24% | Operator | Unocal |