Santos, partners spud E. Java Oyong-3 well
Monday, October 15 2001 - 09:45 AM WIB
Australian listed oil and gas explorer Cue Energy Resources Limited announced Monday that the Oyong-3 appraisal well in the Sampang production sharing contract (PSC) area offshore East Java, was spudded on 13 October 2001 and had reached 380 meters-depth on 15 October 2001.
According to Cue, the Oyong-3 well is designed to appraise the oil and gas columns encountered in the Mundu Formation in both the Oyong-1 and Oyong-2 wells.
Oyong-3 is located approximately 2 kms east of Oyong-1 in 41.3 meters of water. The well is programmed to a total depth of 1,125 meters in 15 days.
Australian oil, gas firm Santos Limited is the operator and the holder of 45 percent working interest in the block while Coastal Indonesia Sampang and Cue respectively hold 40 percent and 15 percent working interest.(alex)