Santos Indonesian drilling update

Thursday, September 8 2005 - 06:37 AM WIB

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending September 8, 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 0300hrs -- 08/09/05Flow testing well over the interval 5027mMD to 5102mMD (4658mTVDSS-4719mTVDSS). Well flowing at a stabilised flow rate of 477 kilolitres of oil per day(3000 bbls of oil per day) with a GOR of 450 scf/bbl through an 8.7mm (22/64?) choke. The rate was constrained by surface facility limitations and the need to maintain a stable rate for evaluation purposes. The well reached a total depth of 5102m with 75m progress for the week.
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 -- 07/09/05 Running completion string. Wunut 16 reached a total depth of 930m with no progress for the week. The well has been cased, and is being completed as a gas producer.
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 -- 08/09/05 Preparing to conduct clean-up flow on Oyong-7 DW1 ST1 having run completion, and preparing to drill Oyong-8 DW1.
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/ST1: 178mm casing set at 1189m. Current depth 1680m.
Oyong 8 DW1 Pilot: 244mm casing set at 1351m. TD 1652m. Temporary Abandoned
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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