GRL's drilling result in Jambi

GRL's drilling result in Jambi

DENVER (Dow Jones): Gulf Indonesia Resources Ltd. (GRL) said it has received positive results from a natural gas delineation well drilled in the South Jambi B Production Sharing Contract, or PSC, area in South Sumatra, Indonesia.

In a news release, Gulf Indonesia said the South Jambi B PSC is adjacent to and northwest of the Gulf-operated Corridor PSC and lies within 50 kilometers of the natural gas pipeline leading to Duri from the recently completed Corridor natural gas plant at Grissik.

Gulf Indonesia holds a 45 percent working interest in the South Jambi B PSC and is contract operator for Pertamina, the Indonesian state oil company.

Partners are TOTAL of France with 30 percent and Pertamina with 25 percent.

It said the Teluk Rendah 2 well in the north end of the South Jambi B block tested two zones that flowed a combined 14.1 million cubic feet of natural gas and 292 barrels of condensate a day through a 1/2-inch choke.