Santos to spud E. Java appraisal well this month
Wednesday, October 23 2002 - 04:10 AM WIB
Australian oil and gas company Santos Limited announced on Wednesday that it planned to spud Maleo-2 appraisal well in Madura production sharing contract (PSC) exploration block offshore East Java this October.
Santos strike gas at Maleo-1 well early this year, with the well expected to contain between 200 to 450 billion standard cubic feet of gas reserves.
Santos is the operator and 75 percent interest holder of Madura PSC, the remaining 25 percent interest is held by Canadian oil firm Talisman Energy.
Santos also reported that during the third quarter of 2002, it had completed high resolution seismic over the Wortel and Anggur structures close to the Oyong gas and oil discovery in Sampang production sharing contract also in East Java. Santos is also the operator of Sampang PSC. (robert)