Santos' Maleo-1 well to spud in Q2

Australian oil and gas firm Santos Limited said on Thursday its Maleo-1 oil well in Sampang production sharing contract (PSC) offshore East Java is scheduled to spud in the second quarter of this year.

The survey over the proposed Maleo-1 well location commenced on March 23, the company said.

Santos holds 45 percent working interest in Sampang PSC and is the operator of the oil block, while Coastal Indonesia Sampang and Cue Energy respectively hold 40 percent and 15 percent. (Leo)