Pertamina, PetroChina test Indonesian wells

Pertamina and PetroChina International Kepala Burung Ltd. announced the results of the TBA-3 and TBA-4 delineation wells in the Salawati Island Production Sharing Contract area, West Papua, Indonesia. The partners drilled both wells in the TBA field 50 km offshore from Salawati Island, Indonesia. Pertamina and PetroChina jointly operate the Salawati Island PSC.

Offshore staff

Pertamina and PetroChina International Kepala Burung Ltd. announced the results of the TBA-3 and TBA-4 delineation wells in the Salawati Island Production Sharing Contract area, West Papua, Indonesia. The partners drilled both wells in the TBA field 50 km offshore from Salawati Island, Indonesia. Pertamina and PetroChina jointly operate the Salawati Island PSC.

The operators tested both delineation wells on May 7. TBA-3 flowed at 4,800 b/d and 3.1 MMcf/d, while TBA-4 flowed at 4,225 b/d and 4.9 MMcf/d. Equipment constrained the flow rates.

The TBA field was discovered in the early 1970s, but has remained undeveloped until now. TBA is producing light oil at around 59° API.

The strong flow rates from the TBA-3 and TBA-4 wells confirm the viability of the TBA field development. Partners will develop the field with a minimum facilities platform to support the wells. The two wells will produce crude oil into to a floating production, storage, and offloading vessel. First production from TBA-3 and TBA-4 wells will begin in the second half of 2005.

The partners in the Salawati Island PSC are:
Pertamina (joint operator) – 50.%
Pearl Oil(Island) Ltd – 18.7%
PetroChina (joint operator) – 16.79%
Lundin Petroleum AB – 14.51%

5/11/05

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