FIELD ACTIVITIES -- TOP 20 LISTED / Talisman & Gulf in Sumatra
GULF INDONESIA AND TALISMAN (CORRIDOR) CONTINUE SUCCESSFUL
GAS DRILLING IN SOUTH SUMATRA
DENVER, COLORADO, June 23 /CNW/ - Gulf Indonesia Resources Limited and
Talisman (Corridor) Ltd., a wholly-owned subsidiary of Talisman Energy Inc.,
announced today a new natural gas discovery in the Corridor Production Sharing
Contract (PSC) area located in South Sumatra, Indonesia. The Rebonjaro
Dalam-1 exploration well tested four zones at depths between 1,801 and 2,124
metres (5,910 and 6,970 feet) and flowed at an initial rate of 6.2 million
cubic feet of gas per day through a 3/4 inch choke during an eight hour
period. The composition of the gas includes 26 per cent carbon dioxide. Gulf
has initiated plans for additional wells on the structure to delineate the
size of the field.
Rebonjaro Dalam-1 represents the eighth gas discovery made by the
companies in the area since 1991. The proximity of the discovery to the
Corridor Gas Project infrastructure will enable easy tie-in for future gas
production from the area. The discovery lies 5 kilometres (3 miles) from the
main gathering line that will transport gas to the processing plant. The
first phase of the Corridor Gas Project is near completion and is expected to
commence natural gas sales to Caltex's Duri steamflood project in central
Sumatra within 90 days.
Gulf Indonesia Resources Limited maintains a 54 per cent interest in the
Corridor Block PSC and acts as operator. Partners are Talisman (Corridor)
Ltd. with 36 per cent and Pertamina of Indonesia with 10 per cent
-30-
For further information: Gulf Indonesia Resources Limited: Investor
Relations and Public Affairs, (303) 813-3800; Talisman Energy Inc.: David
Mann, Manager, Investor Relations & Corporate Communications, (403) 237-1196
|
