Unocal discovers oil and gas

Unocal discovers oil and gas

EL SEGUNDO, Calif. (Dow Jones): Unocal Corp. discovered oil
and gas in the Bangka and Aton prospects in deepwater properties
offshore Indonesia.

In a press release Tuesday, Unocal said the Bangka No. 2 well
was drilled 9,752 feet deep and encountered 367 net feet of
liquid-rich gas pay in the Upper Miocene area.

The Bangka No. 2 pay is confined to two zones of high-quality
reservoir rock with hydrocarbon columns calculated to be greater
than 500 feet.

The follow-up Bangka No. 4 well was drilled 11,656 feet deep
and encountered significant thickness reservoir sands, including
38 feet of net oil and gas pay, Unocal said. The company also
said it is drilling a No. 5 well.

The Aton No. 3 well was drilled to 8,465 feet deep and
encountered 255 feet of high-quality reservoir and 80 feet of oil
and gas pay.

A follow-up well, the Aton No. 1 was drilled to a depth of
12,465 feet and encountered significant reservoir sands and 59
feet of net oil and gas pay in two zones, the company said.