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Santos, AWE Limited Spud JV Well Offshore Indonesia

AWE Limited advises that the Operator of the Northwest Natuna PSC, Santos Limited, has confirmed that the AAL-4X appraisal well was spudded successfully at 20:00 hours (8.00pm) AEDT on 14 May 2016.
As at 09:00 hours (9.00am) AEDT Monday 16 May, the well was at 200m Total Vertical Depth Sub Sea (TVDSS) in a 24 inch hole. The AAL-4X well will be drilled to a planned maximum total depth of 1,232m TVDSS and is forecast to take approximately 48 days to complete. The well is being drilled in water depth of approximately 72m using the Raniworo jack-up drilling rig.
The Northwest Natuna PSC is located offshore Indonesia and includes the Ande Ande Lumut (AAL) oil project. The AAL project comprises the K Sand reservoir (101 million barrels gross recoverable oil, net 24.3 million barrels of 2P…
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