SPC and Partners Drill Lukah-1X Exploration Well

Singapore Petroleum Company together with its partners in the Kakap Production Sharing Contract have begun drilling the Lukah-1X exploration well.

Lukah-1X is located in the southern block of the Kakap PSC and is approximately 2.4 kilometers southeast of the oil producing KG field.

Lukah-1X will be drilled to test various formations within a three-way dip closure against the north-south trending fault. The well is anticipated to be drilled to a total depth of 2,243 meters subsea and will take approximately 30 days.

SPC holds a 15% interest in Kakap PSC through its wholly-owned subsidiary, SPC Kakap Ltd, which in turn is a wholly-owned subsidiary of SPC Production Company Ltd.

The Kakap PSC, which covers 2,000 square kilometers, is located in the West Natuna Sea of Indonesia and is 1,247 kilometers northwest of Jakarta, Indonesia. The Kakap PSC consists of two blocks, namely North Kakap and South Kakap. There are currently seven producing oil and gas fields in South Kakap.

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