Conoco Indonesia Wells Encounter Extensive Natural Gas Zones.JAKARTA, Indonesia--(BUSINESS WIRE)--June 17, 1999-- The first two delineation wells drilled by Conoco Indonesia in 1999 have encountered extensive gas bearing intervals in Block B of the West Natuna Sea. West Belut No. 2 and Belut No. 5 have potential for high production rates of natural gas with minimal CO2 according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. electric logs, pressure data and formation samples. Both wells were drilled to the Arang and Udang formations. These wells further delineated de·lin·e·ate tr.v. de·lin·e·at·ed, de·lin·e·at·ing, de·lin·e·ates 1. To draw or trace the outline of; sketch out. 2. To represent pictorially; depict. 3. natural gas zones in the three-field Belut complex that were encountered by the Belut No. 3 exploration well drilled in 1998 and earlier discoveries. Natural gas reserves in the Belut complex are not part of the gas sales agreement recently signed between Pertamina, Indonesia's National Oil Company, and Singapore. However, these reserves could help to meet increased Singaporean gas demand and fill spare capacity that is being built into the gas export pipeline between the West Natuna Sea and Singapore. Conoco Indonesia has a 40-percent interest in the West and South Belut Fields. Other partners in the production-sharing contract include Indonesia Petroleum Ltd. (35%) and Texaco Inc. (25%). Conoco Indonesia is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Conoco Inc. (NYSE NYSE See: New York Stock Exchange :COC See chip on chip. ). Conoco is a major, integrated energy company based in Houston and active in 40 countries. |
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