The Nyari 1 exploration well in the Madura Offshore PSC offshore East Java, Indonesia, has been drilled to a total depth of 3693 metres.
The Kujung Formation was intersected, however analysis of wireline logs indicates that the primary objective is water bearing and hydrocarbons are not present.
The well will now be plugged and abandoned and the Sedco 601 drilling rig will move to the Jeruk 3 appraisal well in the Sampang PSC immediately west of the Madura Offshore PSC.
The participants in the Madura Offshore PSC are:
Santos (Madura Offshore) Pty Ltd (operator) 67.5%
PC Madura Ltd (Petronas Carigali) 22.5%
Petrogas Wari Jatim 10.0%
Santos stock symbols: STO (Australian Stock Exchange), STOSY (NASDAQ ADR), Ref #82-34 (Securities Exchange Commission)