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)