Santos reports Mangga 1 drilling progress

Australian oil company Santos Limited said Friday drilling at Mangga 1 wild cat exploration well in Sampang PSC offshore East Java had reached the depth of 615 meters.

Mangga 1 was spudded on September 27, 2003, with the planned total depth of 1,750 meters. The prospect is located some 35 kilometers of Santos? Oyong field.

Mangga is assessed to have the potential to contain approximately 110 billion cubic feet of recoverable gas (P50 case) up to a high side case of approximately 320 billion cubic feet of recoverable gas.

Mangga -1 is expected to take 12 days from spud to a total depth of 1,750 metres (drill depth) with the Mundu Formation expected to be penetrated approximately seven days to eight days from spud. Mangga is being drilled using the SEDCO 601 semi submersible drilling rig.

Santos is the block?s operator and 45 percent interest holder. Other participants are Coastal Indonesia Sampang with 40 percent working interest and Cue Energy Limited with 15 percent. (alex)