Santos Indonesian drilling update

Thursday, August 25 2005 - 07:27 AM WIB

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending August 25, 2005:

Delineation Well(Near Field Exploration/ Appraisal Well)Jeruk 2 ST4/ST5
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/ST5 are an appraisal sidetrack drilled out of the existing Jeruk 2 wellbore.
Status at 0600hrs -- 25/08/05 Pulling out of hole to run 178mm casing. The current depth is 5027m with 542m progress in ST5. Jeruk 2 ST5 was initiated from 4485m. After running casing Jeruk ST5 will drill ahead to further evaluate the reservoir section.
Planned Total Depth5080m
InterestSantos Group 45.0%
Singapore Petroleum Sampang Ltd 40.0%
Cue Sampang Pty Ltd 15.0%
OperatorSantos Group

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Development WellWunut 16
TypeGas Development
LocationOnshore Indonesia
Brantas PSC, East Java Basin. 0.5km NE of Wunut 9, and some 30km S of Surabaya.
Status at 0600hrs -- 24/08/05 Wunut 16 is drilling ahead at 617m with 305m progress for the week.
Planned Total Depth930m
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 0600hrs -- 25/08/05 Running completion. Oyong 4 DW1 ST1 reached a total depth of 1610m with 370m progress for the week.
Oyong 4 DW1: 244mm casing set at 1019m. Plugged back due to mechanical problems with parted production screens.
Oyong 4 DW1/ST1 244mm casing set at 1019m. TD 1610m.
Oyong 5 DW1: 244mm casing set at 965m. Depth 1296m. PBTD 870m.
Oyong 6 DW1 Pilot: 244mm casing set at 1022m. Hole abandoned at 1200m.
Oyong 7 DW1: 178mm casing set at 1189m. Current depth 1190m.
Oyong 8 DW1 Pilot: 244mm casing set at 1351m. TD 1652m. Temporary Abandoned
Oyong 9 DW1/ST1: 178mm casing set at 1339m. ST1 abandoned at 438m.
Oyong 9 DW1/ST2 (Pilot Hole): 244mm casing set at 1416m. TD 1582m
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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