Lundin plans another Blora exploration well in Q2

Lundin Blora B.V, a subsidiary of Swedish E&P company Lundin Petroleum AB, plans to carry out another exploration drilling program at its Blora block onshore Central Java, according to the company?s bid announcement.

?The work is expected to commence in the second quarter of 2006. The contract period would be for a term of one firm well plus two optional subject to other contractual term and conditions,? the company said.

In the third quarter of 2004, the Padi-1 exploration well was drilled over the ?Millir? prospect. It was plugged and abandoned after encountering uncommercial amounts of hydrocarbon.

The results, however, allowed identification of further exploration potentials and the possibility to drill an exploration well, Lundin earlier said.

Lundin operates Blora PSC with a 43.3 percent of working interest, while Kuwaiti KUFPEC and CNOOC hold 40 percent and 16.7 percent, respectively. (Robert)