Gulf Indonesia finds gas

Gulf Indonesia finds gas

JAKARTA (JP): The state-owned oil and gas company and its
contractor Gulf Indonesia Resources Ltd of Canada announced
yesterday the discovery of a natural gas reserve on the
production-sharing contract-area Block B, southern Jambi.

The Bungin-1 exploratory well situated on the southern part of
the Block-B contract area was flowing at 34 million cubic feet
(MMCF) of gas per day from a depth of 2,925 meters to 2,940
meters, 2,555 meters to 2,576 meters, and 2,181 meters to 2,188
meters, Pertamina's spokesman Ramli Djaafar said in statement
sent to The Jakarta Post yesterday.

Two upper zones of the gas reserve channel gas containing 18
percent CO2.

Ramli said an appraisal well would be built in the second half
of the year.

He said the Bungin-1 well was about 14 kilometers west of the
Rayun-1 gas well whose gas discovery was announced last month.

Natural gas reserves were also discovered at the Bungkal well
13 kilometers south of Bungin-1.

Ramli said the gas discoveries at Bungin-1, Rayun-1 and
Bungkal could be developed through several scenarios to supply
the area's gas pipelines 16 kilometers to the east. (jsk)