Area Drilling

02/23/2004
IndonesiaSantos Ltd. was drilling an exploratory well on the Sampang production sharing contract in the East Java basin 40 km southeast of Surabaya.Jeruk 1, in the Madura Strait, is projected to a TD of 5,172 m. Santos and PT Medco Sampang each hold 50% interests in the block.The drillsite is 35 km west-southwest of Oyong field, also on the Sampang PSC. Various estimates of Oyong field reserves are 5 million to 13 million bbl of oil and 90-135 bcf of gas. The gas is to start flowing in late 2004 under a contract signed last year, and the oil will be produced as a separate project.Tunisia Tunisian independent HBS Oil Co. completed an oil discovery on Djerba Island in the Gulf of Gabes.Mazr...
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