Unocal wells find gas and condensate in RI

Unocal wells find gas and condensate in RI

SINGAPORE (Opecna): Unocal Indonesia, a subsidiary of the Unocal Corporation, said two exploration wells drilled in the Mahakam delta area, offshore East Kalimantan, tested significant quantities of natural gas and condensate.

According to a company press release, there were also significant quantities of gas and condensates in two other producing fields in East Kalimantan.

The re-drill of an existing well in the Sepinggan field found oil in a new fault block, extending the field to the east. a step-out well also extended the Serang field by more than two kilometers to the north from existing production facilities.

"The Mahakam delta and other areas offshore East Kalimantan are a strategic trend in our exploration and development program," said John F. Imle Jr, Unocal president.

"Our success is due not only to our long experience with the geology, but also to improved 3-d seismic techniques that give us a clearer picture of the subsurface and reduce our exploration risk," he added.

Unocal's successful exploration and development program in Indonesia last year raised the company's gross production to the highest level since 1981.