Lundin updates Indonesian ops

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

Salawati Island and Basin (Papua)
The net production from Salawati (Salawati Island WI 14.5%, Salawati Basin WI 25.9%) was 2,600 boepd for the six month period.

Following the successful drilling of the South East Walio-1 exploration well, two further appraisal wells have been completed. The results of the wells will be incorporated into a revised South East Walio reserve estimate.

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