To: balisurf who wrote (522 ) 5/7/1998 8:18:00 AM From: Tomas Respond to
May 6. The company has spudded Bunga Manggar-1, the first well of the 1998 drilling campaign in Block PM-3 in the Commercial Arrangement Area between Malaysia and Vietnam. The company intends to drill four wells and possibly a fifth before the end of the year. The Bunga Manggar-1 is the first well to assess the areal extent of the thick, low CO2 gas-bearing channel sands discovered last year in the Bunga Seroja-1A and Northwest Bunga Raya-1 wells. Both of these wells tested gas at rates of up to 50 million cubic feet per day.20 days to drill and test . The Sedco rig Trident 15 will be used which is a sister rig of the Trident 17 that drilled the company's 1997 discoveries. The principal target is the Late Miocene H Group channel sand which forms a large stratigraphic play across the block containing a known total of approximately 400 billion cubic feet of sweet gas at this horizon. The Bunga Manggar-1 well is expected to prove an additional volume of over 360 bcf of gas; almost doubling the known gas volume. significant volume of oil at this location. Once the Bunga Manggar well is drilled, the rig will proceed to the Pakma-Orkid Sub-Block, 32km to the northeast to drill the North Bunga Pakma-1, the largest undrilled structure on the block with the potential to equal the volume of gas seen in the Seroja/Manggar channel.
