Santos Indonesian drilling update

Thursday, May 19 2005 - 07:52 AM WIB

Santos Indonesian drilling update

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending May 19, 2005:

Wildcat Exploration WellsBisma 1
TypeGas Exploration
LocationOffshore Indonesia
Brantas PSC, East Java Basin. 15.0km SE of the Maleo Gas Field 1, and some 140km E of Surabaya.
Status at 0600hrs -- 19/05/05 The Sedco 601 rig is moving to Jeruk 2ST4. Bisma 1 has been plugged and abandoned. Bisma 1 reached a total depth of 1594m with no progress for the week. The rig was released 18/5/05.
Planned Total Depth (Rev.) 1727m
InterestLapindo Brantas 50%
Novus Indonesia Brantas Company 32%
Santos Group 18%
OperatorLapindo Brantas

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Delineation well (Near Field Exploration/Appraisal Well)Tanggulangin 4 ST1
TypeOil Appraisal
LocationOnshore Indonesia
Brantas PSC, East Java Basin. 1.0km N of Tanggulangin 1, 5.0km E of the Wunut Field facilities, and some 35km S of Surabaya.
Status at 0600hrs -- 19/05/05 Preparing well bore to run three cased hole tests. The well reached a total depth of 1143m with no progress for the week.
Planned Total Depth1073m
InterestLapindo Brantas 50%
Novus Indonesia Brantas Company 32%
Santos Group 18%
OperatorLapindo Brantas

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Development WellsOyong Development
TypeOil Development:
LocationOffshore Indonesia, East Java Basin
Sampang PSC, 40km E of Jeruk 1 and some 80km E of Surabaya.7 Deviated Well Batch Drilling Program (Oyong 4 DW1 ? Oyong 10 DW1)
Status at 0600hrs -- 19/05/05 Preparing to drill surface hole in Oyong 9DW1. Operations commenced on the Oyong Development on 03/05/05.Oyong 4 DW1: 508mm casing set at 186m.Oyong 5 DW1: 508mm casing set at 188m.Oyong 6 DW1: 508mm casing set at 185.6m.Oyong 7 DW1: 508mm casing set at 187m.Oyong 10 DW1: 508mm casing set at 164m
Planned Total Depth920m SS
InterestSantos Group 45.0%
Singapore Petroleum Sampang Ltd 40.0%
Cue Sampang Pty Ltd 15.0%
OperatorSantos Group
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