Santos Makes Discovery in Papua New Guinea

Santos has completed wire-line logging operations at the Bilip exploration well in PPL 190. The well has reached a depth of 2,540 meters and is preparing to drill ahead. A 30 meter gross hydrocarbon column has been recorded with an oil water contact at 2,453 meters in the Iagifu sandstones. The Bilip oil discovery is located 10 kilometers southeast of the SE Gobe oil field in the Southern Highlands of Papua New Guinea.

Partners in the Bilip 1 well are Santos as operators with 31.278%; Oil Search with 31.278%; Murray Petroleum Co. Ltd with 26.497%; and Cue PNG Oil Company Pty. Ltd with the remaining10.947%.