Santos Indonesian drilling update
Thursday, March 17 2005 - 06:21 AM WIB
The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending March16, 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 0600hrs -16/03/05 (Jakarta Time) | Rig released on 15/3/05. The well reached a total depth of 4845m with 130m progress for the week. Pangkal 1 was plugged and abandoned having failed to intersect commercial hydrocarbons. |
| Planned Total Depth | 4907m |
| Interest | Santos Group 20% |
| ENI 25% | |
| Zudavi 31% | |
| Unocal 24% | Operator | Unocal |