SPC reports gas find at Wortel-1

Aug. 29, 2006
Singapore Petroleum Co. Ltd. (SPC) said initial interpretation of the Wortel-1 exploration well in Indonesia's Sampang Production Sharing Contract indicates a gross gas column of 141 m above a gas water contact at 1,383 m.

Offshore staff

SINGAPORE -- Singapore Petroleum Co. Ltd. (SPC) said initial interpretation of the Wortel-1 exploration well in Indonesia's Sampang Production Sharing Contract indicates a gross gas column of 141 m above a gas water contact at 1,383 m.

Mud logs indicated gas and fluorescence from the vertically drilled well, which penetrated the top Mundu limestone reservoir at a measured depth of 1,242 m, said SPC which has 36% stake in the block.

Wireline logging is under way on the well, drilled in water depth of 42 m and approximately 7 km west of the Oyong field and about 75 km south east of the city of Surabaya.

A 7-inch liner and a drill stem test is planned, said SPC.

Operator Santos (Sampang) Pty. Ltd. 40.5% in the Sampang block along with Cue Sampany Pty. Ltd. 13.5% and Indonesian-owned PT Petrogas Oyong Jatim 10%.

8/29/06