Gulf Indonesia announces testing of discoveries offshore East Java

Jul 09, 2001 02:00 AM

Gulf Indonesia Resources, a 72 % subsidiary of Gulf Canada Resources, announced the results of the testing of the Jenggolo-1 oil and gas discovery and Payang-1 gas discovery in the Ketapang PSC area, located offshore East Java. On the Jenggolo-1 well, a test of perforations between 6,272 and 6,300 feet flowed at a rate of approximately 3,600 bpd of oil through a 7/8-inch choke. Two additional tests of perforations between 5,806 and 5,854 feet and between 4,780 and 4,804 feet flowed at rates of approximately 5 mm cfpd of natural gas through a 1-inch choke and approximately 4 mm cfpd of natural gas through a 1/2-inch choke, respectively.
On the Payang-1 well, a test of perforations between 4,822 and 4,854 feet flowed at a rate of approximately 17 mm cfpd of natural gas through a 1-inch choke. The Jenggolo and Payang wells were the third and fourth wells of a four well exploration drilling program for the Ketapang PSC.

The first well, Bukit Panjang-1, had gas shows and minor oil shows but was not tested. As previously announced, two tests on Bukit Tua-1, the second well in the program, flowed at a combined rate of 7,250 bpd of oil. Two shallower zones in the Bukit Tua-1 well flowed at a cumulative rate of approximately 6 mm cfpd of natural gas.
"Jenggolo confirms the productivity of the Kujung zone that tested oil at Bukit Tua, 16 km to the east, and the gas discovered during this drilling campaign could be sold into the growing gas market in East Java," said Cliff Zeliff, Vice President, Exploration of Gulf Indonesia. "To evaluate the aerial extent and magnitude of these discoveries, the partnership is now discussing a work program that includes a 3D seismic program over Bukit Tua / Jenggolo to be followed by further appraisal drilling in 2002."
Gulf Indonesia holds a 50 % working interest in the Ketapang PSC and is contract operator for Pertamina, the Indonesian state oil company. Gulf's partner is Petronas Carigali Overseas, a subsidiary of Malaysian national oil and gas corporation Petronas, which holds the remaining 50 %.

Gulf Indonesia Resources, headquartered in Jakarta, is an independent upstream oil and gas company. In 2001, the company celebrates its 40th anniversary of operations in Indonesia.
Gulf Indonesia is 72 % owned by Gulf Canada Resources, which is a Canadian based independent exploration and production company with primary operations in Western Canada, Indonesia, The Netherlands and Ecuador..

Source: PRNewswire
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