FIELD ACTIVITIES / Gulf Indonesia, Talisman and Pertamina Confirm Suban
Natural Gas Discovery
DENVER, COLORADO, Jan. 6 /CNW/ - Gulf Indonesia Resources Limited,
Talisman (Corridor) Ltd. and Pertamina announced today the results of a
significant gas discovery in the Corridor Production Sharing Contract (PSC)
area located in south Sumatra, Indonesia. The Suban 2 exploration well
encountered two gas-bearing zones that have been tested at cumulative daily
rates of approximately 43 million cubic feet per day (mmcf/d) of natural gas
and 365 barrels per day (b/d) of condensate from a gas column exceeding 285
meters.
A test of the upper section, a cased interval between 2,055 and 2,074
meters, flowed approximately 28 mmcf/d of gas and 219 b/d of condensate at
2,660 pounds per square inch (psi) flowing tubing pressure through a 48/64
inch choke after fracture stimulation. The deeper section, initially tested
in October, recently flowed approximately 15 mmcf/d and 146 b/d of condensate
from an open hole interval between 2,121 and 2,650 meters at 3,140 psi through
a 32/64 inch choke.
Suban 2 confirmed that gas reserves are present in the same pre-Tertiary
play type that has been productive elsewhere in the area. Test results
indicate that the two zones are in communication and that the gas contains
only 5.5 per cent carbon dioxide. The partners are currently drilling an
appraisal well 2.2 kilometers west of Suban 2 and have plans for an additional
well and a 3D seismic survey in 1999.
The discovery lies approximately 20 kilometers southwest of the Dayung
Field that supplies gas through the Corridor Gas Project infrastructure to the
Duri steamflood project in central Sumatra.
Gulf Indonesia (GRL:NYSE) holds a 54 per cent working interest in the
Corridor Block Production Sharing Contract and is contract operator for
Pertamina, the Indonesian state oil company. Gulf Indonesia is 72 per cent
owned by Gulf Canada Resources Limited (GOU:TSE, ME, NYSE). Partners are
Talisman (Corridor) Ltd., a wholly owned indirect subsidiary of Talisman
Energy Inc. (TLM:TSE, ME, NYSE), with 36 per cent and Pertamina with 10 per
cent.
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