Sydney, June 9, 2006 AEST (ABN Newswire) - Santo (ASX: STO)(NASDAQ: STOSY), announce that the Jeruk-3 appraisal well is being drilled in the Sampang PSC, offshore Indonesia, approximately 1.8 km west of Jeruk-1 and 40 km south east of Surabaya.
As reported by Santos on 18 May 2006, the Jeruk-3 appraisal well has been flow tested over the open hole interval 4939 m MD to 4978 m MD (4663 m TVDSS to 4696 m TVDSS). This test was curtailed after several hours, prior to the flow and pressure being stabilized, due to a loss of control line pressure.
Following repairs, the well was subsequently re-tested over the same interval. The main flow test was conducted over a 48 hour period, and the well flowed oil at a stabilized rate of approximately 2750 bbl/day with a GoR of approximately 320 scf/bbl through a 16/64" choke, at a well head pressure of approximately 4500 psi.
Flow rates were constrained by surface facility limitations.
The forward plan is to drill ahead to locate the oil/ water contact and to continue the evaluation of the reservoir interval.
The participants in the Sampang PSC and the Jeruk field are:
Sampang PSC JerukSantos (Sampang) Pty Ltd (operator) 40.5% 40.5%Singapore Petroleum Sampang Ltd 36.0% 19.64%Cue Sampang Pty Ltd 13.5% 7.36%PT Petrogas Oyong Jatim* 10.0% 10.0%Medco Strait Services Pte Ltd 0.0% 22.5%* subject to finalisation of documentation
Source:
Kevin Skinner
Senior Consultant
FIELD PUBLIC RELATIONS
231 South Road
MILE END SA 5031
Tel: (08) 8234 9555
Fax: (08) 8234 9566
Mob: 0414 822 631
kevin@fieldpr.com.au
Contact
Media enquiries
Kathryn Mitchell
TEL: +61 8 8218 5260 / +61 (0) 407 979 982
kathryn.mitchell@santos.com
Investor enquiries
Andrew Seaton
TEL: +61 8 8218 5157 / +61 (0) 410 431 004
andrew.seaton@santos.com
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