Santos Indonesian drilling update

Thursday, July 14 2005 - 07:22 AM WIB

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending July 14, 2005:

Delineation Well(Near Field Exploration/ Appraisal Well)Jeruk 2 ST4
TypeOil Appraisal
LocationOffshore Indonesia
Sampang PSC, East Java Basin. 1.6km E of Jeruk 1, 35.0km SW of the Oyong Field, and some 40km SE of Surabaya. Jeruk 2 ST4 is an appraisal sidetrack drilled out of the existing Jeruk 2 wellbore.
Status at 0300hrs -- 14/07/05 Open hole testing in Jeruk 2 ST4 in the primary Kujung carbonate objective over the interval 4974 to 5100 metres was curtailed due to operational problems. During the initial clean up period a mixture of oil and drilling fluids was flowed to surface at an unstabilised rate before the test was discontinued. A 178mm liner is currently being run prior to continuing the evaluation of the reservoir interval.
Planned Total Depth (Rev.) 5570m
InterestSantos Group 45.0%
Singapore Petroleum Sampang Ltd 40.0%
Cue Sampang Pty Ltd 15.0%
OperatorSantos

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Development WellWunut 15
TypeOil Development
LocationOnshore Indonesia
Brantas PSC, East Java Basin. 0.5km N of Wunut 1, and some 30km S of Surabaya.
Status at 0600hrs -- 13/07/05 Drilling ahead surface hole. The current depth and progress for the week is 155m.Wunut 15 spudded on 12/07/05.
Planned Total Depth945m
InterestLapindo Brantas 50%
Novus Indonesia Brantas Company 32%
Santos Group 18%
OperatorLapindo Brantas

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Development WellOyong 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 1500hrs -- 13/07/05 Pulling out of hole in Oyong 7DW1 to set a cement plug.
Oyong 4 DW1: 244mm casing set at 1019m. Current depth 1023m.
Oyong 5 DW1: 244mm casing set at 965m. Current depth 970m.
Oyong 6 DW1: 244mm casing set at 1022m. Current depth 1026m.
Oyong 7 DW1: 244mm casing set at 835m. Current depth 861m.
Oyong 8 DW1: 244mm casing set at 1351m. Current depth 1354m.
Oyong 9 DW1/ST1: 178mm casing set at 1339m. Current depth 1340m.
Oyong 10 DW1: 244mm casing set at 835m. Current depth 838m.
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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