Santos Reports Bawean PSC Drilling Results

The Titan BP 1 well was plugged and abandoned after reaching a total depth of 791 meters. It intersected 49 meters of gross gas charged sandstones of the Tawun Formation containing 75% carbon dioxide and 25% natural gas. The well is located 100 kilometers northeast of Kepodang Gas Field and 160 kilometers from Surabaya, East Java, Indonesia.

The Calypso BP 1 well was plugged and abandoned after reaching a total depth of 832 meters. Calypso BP 1 intersected 42 meters of gross gas charged sandstones of the Prupuh Formation containing 80% carbon dioxide and 20% natural gas. Calypso BP 1 is a wildcat exploration well located approximately 85 kilometers south southwest of the Titan BP 1 well.

Bawean PSC are BP Bawean Ltd (operator) with 55% and Santos Group with the remaining 45%.

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