Unocal Rapak Ltd. completed the Ranggas-Selatan 1 appraisal well, extending deepwater Ranggas oil field to the south on the Rapak production-sharing contract off East Kalimantan.Selatan-1 was drilled to 10,243 ft and penetrated 187 ft of net oil pay and 258 ft of net gas pay in several zones. The well is 1 mile south of the Ranggas-1 discovery (OGJ Online, May 21, 2002.)Unocal is conducting engineering studies on possible development of Ranggas field, adding that it plans to have the project ready for government approval by early 2004.Unocal Rapak is operator of the Rapak PSC, holding an 80% working interest, while Lasmo Rapak Ltd., a subsidiary of ENI SPA, holds 20%. LouisianaResearchers...

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