Liyun-1 Well Tests Underbalanced Drilling Equipment

The Liyun-1 well is at a measured depth of 3,812 feet (1,162 meters) and is currently testing underbalanced drilling equipment prior to running in hole and drilling ahead. Located in a water depth of 180 feet (55 meters), the well is situated in the Bulu Production Sharing Contract in the East Java Basin, offshore Indonesia. Pearl Oil is the operator of the Bulu Production Sharing Contract, holding a 42.5% interest; AWE holds a 42.5% interest; PT Satria Energindo holds a 10% interest; and PT Satria Wijaya Kusuma holds the remaining 5% interest.

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