SPC further appraises Jeruk discovery

Singapore Petroleum Co Ltd together with its partners began drilling the Jeruk-3 well to further appraise the Jeruk oil discovery in the Sampang production sharing contract.

Offshore staff

(Asia-Pacific) - Singapore Petroleum Co Ltd (SPC) together with its partners began drilling the Jeruk-3 well on January 24 to further appraise the Jeruk oil discovery in the Sampang production sharing contract.

Jeruk-3 is being drilled as a deviated well to penetrate the Kujung carbonate reservoir in a crestal area in the western part of the Jeruk structure.

The Jeruk field is located offshore East Java about 42 km east of Surabaya in water depth of 44 m.

The well is anticipated to be drilled to approximately 5,500 m in measured depth (5,200 m vertical depth subsea).

The drilling of the well is expected to take approximately 90 days.

SPC's partners in the concession are: Santos (Sampang) Pty Ltd, Medco Strait Services Pte Ltd, PT Petrogas Oyong Jatim, and Cue Sampang Pty Ltd.

01/24/06

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