Lundin updates Indonesian ops

The following is an excerpt taken from Swedish oil gas firm Lundin Petroleum?s Interim Q1 Report released Tuesday.(ed)

Salawati Island and Basin (Papua)
The net production from Salawati (Salawati Island WI 14.5%, Salawati Basin WI 25.9%) was 2,500 boepd for the period.

The successful South East Walio-1 exploration well in Salawati Basin was put on production during the first quarter of 2009 at a gross production rate in excess of 1,000 bopd. Two further appraisal wells will be drilled on South East Walio during 2009. The initial estimates of the South East Walio discovery were 10-15 MMboe.

This estimate is likely to be conservative and a revised estimate will be calculated over the forthcoming months.

Lematang (South Sumatra)
The development of the Singa gas field (WI 25.9%) is ongoing with first gas production in 2009. A gas sales agreement is in place with PT PLN (PERSERO) an Indonesian electricity generating company to supply a gross contracted volume of 133 Bscf.(end of excerpt)