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Anadarko wildcat off Indonesia strikes big payzone

Anadarko has achieved a discovery of oil and gas with its exploration well drilled on the Badik prospect offshore Indonesia in the Tarakan Basin.

Anadarko reported today that the discovery well Badik-1 was drilled on the Nunukan Block in approximately 230 ft of water depth in the Sulawesi Sea offshore East Kalimantan, Indonesia and encountered 133 net ft of oil and gas pay. It said that the well was drilled to a total depth of about 12,950 ft (3,947 meters) and encountered the payzone in high quality Upper Miocene deltaic sandstones.

The company said that it and its partners are currently evaluating an appraisal program and are planning to acquire additional seismic data over the block to assist in determining the parameters of the discovered reservoir.

Anadarko is the operator of the Nunukan Block and the Badik-1 discovery well with 35% interest in partnership with PT Medco E&P Nunukan (40%), Videocon Indonesia Nunukan (12.5%), and Bharat PetroResources subsidiary BPRL Ventures Indonesia (12.5%).

 

 

11/03/2010

 

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