Offshore staff

Singapore Petroleum Co. said the Lukah-1X well offshore Indonesia successfully tested natural gas and condensate over two sand intervals of 20 and 25 meters.

The two intervals flowed at a combined rate of approximately 19.7 MMscf/d and 2.8 b/d condensate through a 64/64-inch choke at wellhead pressure of 862 psi for a period of approximately five hours.

Lukah-1X is located in the West Natuna Sea of Indonesia and is 1,247 kilometers northwest of Jakarta, Indonesia. The Kakap PSC consists of two blocks, namely North Kakap and South Kakap. There are currently seven producing oil and gas fields in South Kakap.

SPC holds a 15% interest in the Kakap PSC through its wholly owned subsidiary, SPC Kakap Ltd.

6/12/06