Santos Indonesian drilling update

Thursday, September 29 2005 - 06:24 AM WIB

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending September 29, 2005:

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 1700hrs -- 28/09/05 Running wireline logs in Oyong-8 DW1ST2 pilot hole having reached a total depth of 1518m.
Oyong 4 DW1/ST1: Well completed. 178mm casing set at 1230m. TD 1610m.
Oyong 5 DW1 Pilot: 244mm casing set at 965m. Depth 1296m. PBTD 870m.
Oyong 6 DW1 Pilot: 244mm casing set at 1022m. PBTD 970m.
Oyong 7 DW1/ST1: Well completed. 178mm casing set at 1189m. TD 1680m.
Oyong 8 DW1: 244mm casing set at 1351m. TD 2702m.
Oyong 8 DW1 Pilot: Well abandoned after reaching a depth of 1652m
Oyong 8 DW1ST1: Well abandoned after reaching a depth of 832m.
Oyong 8 DW1ST2: Well suspended at a depth of 1308m.
Oyong 8 DW1ST2 Pilot: 244mm casing set at 1305m. TD 1518m.
Oyong 9 DW1/ST2: 244mm casing set at 1416m. TD 1474m. Pending completion.
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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