JX Nippon uncovers oil column at Indonesia offshore drill

Submitted by Editorial on Tue, 2015-04-07 16:59

07th April 2015

The JX Nippon-operated Bestari-1 exploration well in the Deepwater Block R offshore Indonesia has found an approximately 70-metre column of oil-bearing sands across multiple horizons

The block located offshore East Malaysia covers an area of 672 square kilometres with a water depth ranging from 100 to 1,400 metres.

The block is operator by JX Nippon Oil & Gas Exploration (Deepwater Sabah) Limited with 27 per cent interest, along with partners Inpex Corporation, Petronas Carigali Sdn. Bhd., a wholly-owned subsidiary of Petronas, and Santos Sabah Block R Limited, which own participating interests of 27.5 per cent, 25 per cent and 20 per cent, respectively.

Moving forward, the partners will analyse and evaluate the data retrieved from the well, and proceed with plans to drill two exploratory wells to assess the possibility of new oil and natural gas deposits.