Santos: Hit and miss in Indonesia
- Project & Tenders
Australian oil company Santos has reported mixed results from its drilling program in Indonesia.
Presenting its first quarter 2016 results on Friday, Santos said that a two-well near-field exploration program had been conducted in the Madura Strait, offshore East Java.
The wells were targeting the Pliocene aged Mundu Formation which is productive in the adjacent Santos-operated Maleo and Peluang fields.
According to Santos, the Melewis-1 well encountered a gas column which is currently being evaluated via drill stem testing. The Merem-1 well failed to encounter hydrocarbons and was plugged and abandoned.
Production wise, Santos’ net entitlement to gas production of 6.0 PJ in Indonesia was 7% higher than the corresponding period. Net entitlement gas production from the Madura PSC was in line with the corresponding quarter due to increased contractor entitlement in Peluang and Maleo, offset by decreased gross production volumes which averaged 63 TJ/day for the quarter.
Santos’ net entitlement to gas production from the Sampang PSC increased by 18% primarily due to planned shutdown activity at Oyong for workover activities during the corresponding quarter. Oyong net entitlement oil production for the quarter was 33,800 barrels.