Atlantic Richfield Berau Tests Natural Gas in Bintuni Bay, Indonesia

abarrelfullabarrelfull wrote on 06 Aug 2012 13:36

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10 January 1996

Atlantic Richfield Berau, Inc., a subsidiary of Atlantic Richfield Company (NYSE:ARC), today confirmed that the Wiriagar Deep #2 well, drilled in the Berau block of Bintuni Bay, Irian Jaya, Indonesia, was tested at a combined rate in excess of 100 million cubic feet of natural gas per day (MMCFD) during drill-stem tests from six intervals.

The Berau block is held under a 1987 production-sharing contract with Pertamina, the state oil company of Indonesia.

Atlantic Richfield Berau is operator of the block for a group of companies, including: KG Berau Petroleum, Ltd; Nippon Oil Exploration (Berau), Ltd; and Occidental Berau of Indonesia, Inc.

The Wiriagar Deep #2 well appraised a 1994 discovery in the adjacent Wiriagar block, in which ARCO and KG Berau Petroleum also hold interests. An extensive appraisal program is underway to ascertain the commercial viability of the discovery.

ARCO is pursuing an active exploration program in the eastern part of Indonesia, including wildcatting in South Sulawesi, as well as operations in Seram and in on-shore and off-shore areas of the Birdshead peninsula of northern Irian Jaya.

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