Amerada completes well appraisal

Amerada completes well appraisal

JAKARTA: New York-based Amerada Hess, which holds the
production-sharing contract for the Pangkah oil and gas block off
East Java, said on Wednesday it had completed its appraisal
program for two wells in the Ujung Pangkah field.

Results of the appraisal will be analyzed to determine the
possible increase in oil and gas reserves and to assess the
feasibility of further development of the Ujung Pangkah
reservoir, the company said in a statement.

Furthermore, the findings would enable Amerada to build on
Pangkah's core development, a key part of the company's business
portfolio in Indonesia. -- JP