Unocal finds oil in Rapak

Unocal finds oil in Rapak

JAKARTA (JP): State oil and gas company Pertamina announced on
Wednesday that its American contractor, Unocal Indonesia, has
discovered an oil reserve at its Rapak production sharing
contract area in East Kalimantan.

Pertamina said it was the first oil discovery to be made by
the company in the contract area.

The oil was found at the Janaka North #1 well, with thickness
of 55 feet (high quality reservoir) at an absorption rate of more
than 35 percent.

The well was drilled at 9,625 feet below sea level -- the
deepest well ever drilled in the country's waters. The sea in the
area is 4,319 feet deep.

President and managing director of Unocal Indonesia Timothy C.
Lauer praised the quality of the oil reserves. He said the
discovery encouraged the company to perform more drilling in the
area. (jsk)