SEDCO 703



Indonesia Petroluem Ltd. (Inpex) announces a natural gas discovery offshore Western Australia in block WA-285-P. The first exploratory test well flowed at 22 mmcfd of natural gas and 1,300 barrels per day of condensate. The well was drilled by Transocean Sedco Forex's second generation semisubmersible drilling rig Sedco 703. Block WA-285-P is located approximately 500 miles southwest of Darwin and in water depths ranging from 295 to 1115 feet.