RISE IN INDONESIAN EXPLORATORY DRILLING SEEN

06/11/1990
A substantial increase in exploratory drilling in Indonesia during the next 3 years will result from the signing of new production sharing contracts. Far East Oil Report, published by County Natwest Woodmac, Edinburgh, predicts the number of wildcats and appraisal wells in Indonesia to increase from 120 this year to a peak of about 190 in 1993. Exploratory drilling fell from 217 wells in 1985 to 82 in 1987 because of the collapse in crude oil prices and a lack of new production sharing contracts. In 1979-82 state owned Pertamina awarded an average of 11 contracts/year. In 1983-86 the average was only three/year. The nu...
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