Santos, partners spud E. Java well
Wednesday, August 16 2006 - 10:08 AM WIB
ASX-listed oil firm Cue energy said on Wednesday Wortel-1 exploration well in Sampang PSC offshore East Java began drilling on August 16.
Wortel-1 will be drilled as vertical wells to test the equivalent limestone reservoir of the Oyong field in a fault dependent structural closure. The well will be drilled to approximately 1500 meters sub-sea and would expected to take 20 days, the company said.
The well is located in 42-meter water depth, approximately 7 kms west of the Oyong oil and gas field.
Australian oil firm Santos is the block with 45 percent interest, while SPC, Cue Energy and Petrogas Oyong Jatim hold 36 percent, 23.5 percent and 10 percent, respectively. (alex)