Oil Search reaches for drill bit

OIL Search is set to start an exploration drilling program in PNG with three wells planned for this year and another four wells scheduled for 2008.

Oil Search reaches for drill bit Oil Search reaches for drill bit Oil Search reaches for drill bit Oil Search reaches for drill bit Oil Search reaches for drill bit

Late in the third quarter of this year the company will spud the Arakubi-1A well, about 5km east of Kutubu. The well targets potential oil reserves of about 20 million barrels of oil.

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