Singapore Petroleum Co. says that the Herbras-1 exploration well in the Sampang Production Sharing Contract offshore Indonesia is being plugged and abandoned at a depth of 2,515 meters. The well did not encounter significant hydrocarbons after penetrating the primary objective.
SPC holds its interest in the Sampang PSC through its wholly owned subsidiary, Singapore Petroleum Sampang Ltd.
Participants in the Sampang PSC are Singapore Petroleum Sampang Ltd. with 36%; Santos (Sampang) Pty Ltd with 40.5%; Cue Sampang Pty Ltd with 13.5%; PT Petrogas Oyong Jatim with 10%.
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