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Article: Gulf Indonesia announces discovery of oil in Northwest Natuna Block I.
- Article from:
- PR Newswire
- Article date:
- May 11, 2000
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CALGARY, May 11 /CNW-PRN/ - Gulf Indonesia Resources Limited (GRL:NYSE) announced today the discovery of oil in the Northwest Natuna Block I Production Sharing Contract (PSC) area located in the Natuna Sea, 60 kilometres north of the company's Kakap PSC production facilities.
The Ande Ande Lumut-1 exploration well reached a total depth of 4,186 feet in mid-April. It logged oil pay and recovered oil samples from four sands of the Gabus Formation, one of the main producing formations in the basin. A test conducted through perforations between 3,798 and 3,840 feet encountered sand influx and subsequent water channeling and was terminated without a sustained oil ...