Hess 1999 Annual Report Download - page 15

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13
BRAZIL
Seism ic was shot over 4,000 square kilometers on Block BS-2 on the Santos Basin and BC-8 in the
Campos Basin. Am erada Hess is the operator of these blocks with a 32% interest and exploration drilling
is planned on both blocks in 2000.
During 1999, Amerada Hess acquired a 45% interest and operatorship of Block BMS-3 in the Santos
Basin, on w hich acquisition of seismic is planned for 2000. Early in 2000, Am erada Hess acquired a 16%
interest in Block BCE-2 in the Ceara Basin. Amerada Hess now has 1,427,700 net acres in Brazil.
INDONESIA
On the Jabung Production Sharing Contract (PSC) in which Amerada Hess holds a 30% interest, the
North and Northeast Betara Fields and the Gemah discovery have been successfully appraised. The first
phase of oil production is expected to begin late in 2000 and negotiations for sale of natural gas from
the fields are nearly com plete. The Corporation’s share of production from the producing fields on the
Jabung PSC, North Geragai and Makmur, is averaging about 3,000 barrels of oil per day.
On the Jam bi Merang License (AHC 25%), the Corporation’s share of production from the Gelam
Field has averaged 5,700 M cf of natural gas per day and 100 barrels of condensate per day since the
interest was acquired in August 1999. On an adjacent discovery, the Pulau Gading Field, two successful
appraisal w ells w ere drilled in 1999 w ith gross flow rates of up to 17,000 Mcf of natural gas per day.
Various options for developing the Pulau Gading Field are being assessed.
On the Lematang PSC, w hich Amerada Hess operates w ith a 70% interest, a successful natural
gas discovery well was drilled on the Singa Field in 1999. Possible developm ent scenarios for the devel-
opment of this discovery are being analyzed. Em phasis is being placed on the sale of this natural gas
to local markets.
Further appraisal drilling is planned in 2000 on the Pangkah PSC, in which the Corporation has a
36% interest. An oil and gas discovery was made on this concession in 1998.
In Indonesia, Am erada Hess has interests in five Production Sharing Contracts covering 3,300,000
net acres and plans to drill a total of six exploration w ells in 2000.