Santos, partners find oil, gas in Sampang PSC, E. Java
Friday, June 1 2001 - 07:00 AM WIB
Australian oil and gas company Santos Limited, the Operator for the Sampang PSC offshore East Java, said Friday hydrocarbons were indicated on logs run in the Oyong-1 well.
The well is currently at 1068 meters from the planned depth of 2,271 meters.
In its report to Australia Stock Exchange, Santos stated "logging has indicated a 110 meters gross column of gas with a possible 22 meters gross column of oil in the Early Pliocene Mundu limestone formation at a depth of 813 meters."
The report said wire line pressure measurements had been obtained and a wire line sample obtained at 928.2 meters recovered a total of 10.5 liters of 41degree a API oil and 61 cubic feet of gas.
The pressure information indicates a single gas column in good quality rock underlain by an oil leg of at least 8 meters.
The company said the forward plan is to set 9(5/8)-inch casing and drill ahead to evaluate the other objectives of the well.
Oyong-1 well is located approximately 80 km east of Surabaya in
Santos holds 45 percent working interest in Sampang PSC, while Coastal Indonesia Sampang and Cue Energy hold 40 percent and 15 percent, respectively. (Alex)