Unocal tests Ranggas oil well

Unocal tests Ranggas oil well

SINGAPORE: Unocal Corp said it had taken another step towards
development of the deepwater Ranggas oilfield offshore Indonesia
with the successful appraisal testing of a fourth well.

The El Segundo, California-based company said subsidiary
Unocal Rapak Ltd. had tested the Ranggas-4 appraisal well at a
daily rate of 8,158 barrels of oil and 6.4 million cubic feet
(181,200 cu metres) of gas.

The well was located 2.4 miles (3.8 kilometers) north of the
Ranggas-1 discovery well and 1.2 miles (1.931 km) south of the
Ranggas-3 appraisal well, it said in a statement dated Monday.

Unocal said test rates were constrained by test equipment, but
initial daily production rates from a well producing from the
zone was estimated at upwards of 10,000 barrels of oil and eight
million cubic feet (226,500 cu metres) of gas.

"The oil test rates are impressive, and we are very encouraged
at this point in our appraisal program," Brian Marcotte,
president of Unocal Indonesia Co said in the statement. --
Reuters