A group led by AWE Ltd., Sydney, last week spudded the Atlas-1 exploratory well on the Titan production sharing contract area in the East Java basin, Indonesia.
A group led by AWE Ltd., Sydney, last week spudded the Atlas-1 exploratory well on the Titan production sharing contract area in the East Java basin, Indonesia.
Atlas-1 is to go to 770 m measured depth in 70 m of water 70 km north of Tuban to test a Miocene Kujung limestone reservoir sequence that in combination with the 2008 Lengo gas discovery 35 km west could contain as much as 1 tcf of recoverable gas, AWE said. The Lengo discovery tested gas at rates as high as 12.8 MMcfd.
Participants in the Titan PSC are AWE Ltd. via subsidiaries 40%, Baruna Oil & Gas Ltd. and Mitra Energy (Indonesia Titan) Ltd. 25% each, and PT Sillo Maritime Perdana 10%.
About the Author
Alan Petzet
Chief Editor Exploration
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.
