Santos Spuds Wortel-2 Offshore Indonesia

The Wortel-2 well is being drilling following the success of the Wortel-1 exploration well which intersected a 141 meter gas column in the target reservoir. Wortel-1 flowed natural gas at the rate of 18.5 million standard cubic feet per day through a 56/64" choke. Condensate was produced at a rate of four to five barrels per million cubic feet.

The well is located in the Sampang Production Sharing Contract, offshore East Java, Indonesia, in 42 meters water depth, approximately 1 kilometer southeast of Wortel-1 and 6 kilometers west of the Oyong oil and gas field.

Wortel-2 will be drilled as a vertical well to appraise the Wortel discovery. It will be drilled to approximately 1400 meters subsea and is expected to take 18 days.

Participants in the Sampang PSC are Santos (Sampang) Pty Ltd as operator with 40.5%; Singapore Petroleum Sampang Ltd with 36%; Cue Sampang Pty Ltd with 13.5% and PT Petrogas Oyong Jatim* with 10%. *subject to finalization.

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