EEX plugs Indonesian well

EEX plugs Indonesian well

HOUSTON (Dow Jones): EEX Corp. said an exploratory well at the Karang Anyar prospect on the Tuban block in Indonesia was plugged and abandoned after non-commercial accumulations of natural gas were encountered.

EEX had a 50 percent interest in this well.

The company also said it had completed sidetrack drilling operations on the Llano prospect on Garden Banks Block 386 in the Gulf of Mexico.

EEX said analysis of the logging data indicates the presence of several hydrocarbon-bearing sands in the Lower Pliocene and Miocene aged sections.

In a press release Monday, the company said it is currently continuing evaluation activities.

EEX said it expects to begin appraisal drilling in the Lower Pliocene and Milocene resevoirs this fall.