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Show n '•'/| V^ -*T ^^ (£^N*r^ j 538 jy PEKTAHLS4 AND FBI UPS SIGN OH, OON TRACT A production «Nfrip$' botwaen Prssden Direato rorate of Pcrtamto*. & * w Oy Oorvorxtloa ^SSfewN Sutowo and Prat Ik. f A£> 'uJ Vc V/ -J M ^ - U 3 *- W - -^. -* lA-tll 17 X It rim M v - ? « ^ ^3r«si D J A K A R T A - ( A P ) - Millionaire explorer and *r«haceA>gist Doctor Wen-dew t*bii»»p», <hc world* Uig^fci ou concessionaire, ,,gncu a production sharing a^eemeni with the lodo-nrfsan government to drill (or oil in t vast tract of aeibfd and jungle in the Nejr Guinea province ot We«4 itian Wednesday. jlAA It u the tirvt oil conccs- ? >Sfel awarded to *n in* V 'dividual i« Indonesia. ^ ? l ; The contract area. 34 000 WK ''*ji^jr«uare *i*o««ters on ana ott S^tSEit » <** °f f,vc ncw *; f>»cts currently being parceled out to foreign oil % catnp*a*a by the govcrn-a; menu , Under the 50-ycar con-tracts Phillips w»u mi*s< at least 17.5 million dni-lars in the lust ei|tht )ear>. He also paid 500,000 doi-ars lor geological ctau \xo*c-the sute-owned oil monopoly, Pertamina. So lar, Phtlup* na* not contacted out the drilling work out eapeoa to do so shortly. A sp*»kesmaa uid otoer concerns wdi but into Phillips ojxuuon but did not idcntdy **./ fuc&s. Larhet aeiamic data, thu fi*Aes<naa said. shows there arc "good indications" ot uU in part of Phillip* area. The Royal Du.ch Shell Group drilled three trek* on land there befWeeo lVSoand !M«but pulled out aiwr minimal shows a* oatura) &as aod flii. ^^0-AHEAD FOR BIG OIL PROBE IN WEST IRIAN • ^••n.-'f^Jn^C r*V.A H* .v.ao paid USI500.000 t** &* a.&.cai data from the S;.i!c-owned oil monopoly. i'fttamlna. So far. Dr. Phillips has r.'.t contracted out the drilling work but expects to clo so shortly. A l^dHy-man said other coi^erua will ouy Into Dr. PbfiU»* operation but did nof J<Se*&* ttfv any Arms. Earlier seisxnic data, tht spokesman said. shov*< thwre were "good Indlca-v. pns" of oil In part ol Or. Pi a lips' area. Tht Rnval Dutch Shoil Grouo drilled three wells on land there between 1956 and 1953 but pulled out afrer minimal shows of M * tural gJ»-< and oil.-AP. r^TaA^- |j jai*,, KIOIIIJ. Kuala Lumpur a;.d "Tlmw Houwr-. 1 STRAITS TIMES 5 Feb.70 Singapore f AKARTA, Wed. - Mill- J iflnali^ expior^r and ei*h*e«i»>*i*t. Dr Wendell PhiaipK. tl>« word's *arg- «i»t tui coiwessionalre, today jkigtject a production sharing 'JutteemciH with the Indo: nebian Government to drll. toraft In a vast tract of se*- W^J and Jungle in Wesv Irian %\ is the tlrst ou oonefs-stun a»-arded tu an .n<il vidua! in lndon#tta. The contact area is « ne $f five new tracts currenuj being parcelled out to fwr-elgft oU <xm\panies by the Government. Undsr the 30-vear con-traet. Dr. Phillips wiU tn-v «t at >ast USfl7.3 million in the nrsr elfht years. However, sources said *U the Shell wells weni no deeper than 1,200 mciers and a deeper structure m the western end of I'bil- U\>ps area. This, they reported, shows good oil bearing signs. Under the contract wi:h Pertamina, Phillips will get 3S par oca', of production wfcrflc i'ertaoaina the other Li pa cent-standard conditions » Pcrtamioa's a^Tcca&cuta. Howarer, if production #«aU»c* 7S.O0O barrels s day, Pct-mina's <a*re will uv crvc-4 to 67.S per cent. P*.-.^ips, who is reputed fo ha4d ott concession m tha Muidle taat and VeneiueU totalling 1C0. O0§ sqaatc asilea, said he pi«as aa expand his o operation >a Indonesia. U« add** " * « »»just thu itart of owe investment m this flountry." He said he u mteicstcd m shipping, j>euocneu»icaU, toutio.n and aiming i& Indonesia, but gave ao detail* of his lAvestaeat plans. |