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AUSTRALIA'S SANTOS MAKES FIRST ON-SHORE PAPUA OIL DISCOVERY.

AsiaPulse News, December, 2002

MELBOURNE, Dec 24 Asia Pulse - Santos Ltd has made its first on-shore Papua New Guinea oil discovery, with a test flow at a rate of 2,000 barrels per day at Bilip 1.

The energy giant said today a 22 minute test flow at the Bilip 1 oil discovery in PPL 190 permit in the southern highlands of PNG, produced an estimated volume of 30.5 barrels.

Santos is operating partner and has a 31.278 per cent interest in the field.

Oil Search holds an interest in the project of 31.278 per cent with Murray Petroleum Co Ltd holding 26.497 per cent and Cue PNG Oil Company holding the remaining 10.947 per cent.

The closed chamber drill stem test was conducted in the lagifu sandstone reservoir over the interval 2,445m to 2,448m.

The flow rate was an...

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