Area Drilling

IndonesiaExxonMobil Corp.'s Mobil Cepu Ltd. unit planned to start production by 2003 from an oil discovery in Java.The Banyu Urip 3 well on the onshore Cepu Technical Assistance Contract in Central and East Java provinces identified more than 250 million bbl of "estimated recoverable oil," ExxonMobil said. It encountered nearly 1,000 ft of gross oil and more than 300 ft of gross gas pay and yielded nearly 4,500 b/d from Middle Miocene carbonate and sandstone formations at undisclosed depths.An early production system will employ 6-10 wells at start-up, followed by staged development.New ZealandA 6,800 line km nonexclusive 2D seismic survey is under way in the deepwater part of the Ta...

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