British Gas finds gas in RI

British Gas finds gas in RI

LONDON (Reuter): British Gas said yesterday it has made a natural gas discovery in its Muturi concession, northwest Irian Jaya, Indonesia.

In a statement, British Gas said cumulative gas flows of 40 million cubic feet a day were recorded at the Mogoi Deep-1 well in the northwest of the concession. The well was the first drilled in the concession.

"The result is very encouraging and opens up a new gas play in the area. We shall now be working to evaluate the reserves and consider their future development," said David Varney, British Gas executive director responsible for exploration and production.

British Gas Exploration and Production has a 50 percent interest in the concession. Cairns Ltd, a wholly-owned subsidiary of Genting Bhd, a Malaysian industrial group, has 45 percent and PT Saptapetra Wisesa of Indonesia holds the remaining five percent.