Santos, partners spud Anggur-3 well in E. Java PSC

Australian oil and gas company Santos Limited and partners had spudded Anggur-3 well, in the Sampang production sharing contract (PSC) offshore East Java on August 25, according to a statement released by Cue Energy Limited, a PSC participant.

Cue said on Monday that the 30-inch casing had been run and cemented at 155 meters and preparations were underway to drill 26-inch hole and the well was programmed to a total depth of 2708 meters with drilling expected to take approximately 33 days on a dry hole basis.

According to Cue?s statement, Anggur-3 will target a number of shallow sandstones, one of which contained gas, which blew out when penetrated by the Anggur-1 well.

The well, said Cue, would also target limestones of the Mundu Formation that contain the oil and gas columns tested in the Oyong-1 discovery well. The well will also target Wonocolo and Ngrayong sandstones. Oyong-2 encountered a 2-meter Ngrayong sandstone containing oil.

Cue estimated the Anggur structure has the potential to contain in excess of 500 BCF of recoverable gas and in excess of 100 million barrels of recoverable oil on an unrisked basis. The Sampang PSC contains a further 7 mapped undrilled structural prospects and leads.

Santos, the block?s operator, holds 45 percent working interest in Sampang PSC, while Coastal Indonesia Sampang Ltd. and Cue, hold 40 percent and 15 percent, respectively. (alex)