Cue is pleased to announce that the Oyong well head platform is on location at the field and is being installed by the Ocean Sovereign jackup drilling rig.
The well head platform consist of a tall template structure (TTS) set on the seafloor in 41 metres of water. Piles driven through each of the three legs of the TTS support the braced well head deck, which extends above water.
Once the platform has been installed, the rig will drill the seven development wells planned for the field.
Development drilling is expected to be completed in September, with oil production from the field beginning in fourth quarter 2005, at an expected initial rate of around 20,000 barrels of oil per day.
Oyong Participants
Participants in the Sampang PSC are:
Cue Sampang Pty Ltd 15% Santos (Sampang) Pty Ltd 45% (Operator) Singapore Petroleum Company Limited 40%
oyong platform installation begins, page-3
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