PNG: Oil Search Provides Update on Trapia 1 Well

Oil Search reported that, as at 06:00 PNG time on 19 July, the Trapia 1 well was at a depth of 300 metres in a 26” hole and preparing to drill ahead.

During the week, the 12 ¼” pilot hole was opened to 17 ½” to a depth of 446 metres.

The Trapia prospect is located approximately 13 kilometres east of the Angore gas field and 23 kilometres east of the Hides gas field.

The primary objectives are the Toro and Digimu sandstones.

The participants in Trapia 1 are:

• Oil Search Limited                 52.5%
• Esso Highlands Limited      47.5%

Oil Search is drilling Trapia 1 under contract with the Operator, Esso Highlands Limited.

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LNG World News Staff, July 19, 2012