Lundin plans to farm out South Sokang PSC

By Febry Silaban

Swedish oil gas firm Lundin Petroleum through its subsidiary Lundin South Sokang BV, plans to farm out its interest in the South Sokang PSC in the East Natuna Sea, offshore Indonesia.

Lundin?s Exploration Manager Batara Simanjuntak told Petromindo.com that the percentage of interest it planned to farm out is up to 30 percent.

Lundin is the operator and 60 percent equity holder in the block, with London-listed Salamander Energy Plc. as a partner (40 percent).

The South Sokang block covers an area of approximately 4,994 km2. The block contains a new previously unknown frontier Eocene/Oligocene basin which has been discovered by Lundin.

A 3D seismic acquisition program of 1,000 km? has been completed on the South Sokang block in 2013. The seismic processing and interpretation is substantially complete with both oil and gas prospectivity identified at Miocene and Oligocene levels.

Editing by Johannes Simbolon