Area Drilling

Indonesia Halliburton Energy Development Co. acquired part of Citra Paternindo NP's shares in enhanced oil recovery contracts in three fields in South Sumatra. Halliburton operates Abab, Raja, and Dewa fields, near Pendopo, with 50% interest (OGJ, Dec. 28, 1998, p. 54). Israel Isramco Inc., Houston, let a contract to Atwood Oceanics Inc. to drill the Yam West 2 and an optional additional well starting in August 1999. Yam West 2 is to be drilled to 11,483 ft in 2,461 ft of water on the Med Yavne license in the eastern Mediterranean Sea at a cost of $21.2 million. Isramco also proposes to deepen the Yam 2 well by about 984 ft to 18,702 ft in 305 ft of water...

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