Lundin updates Indonesian ops
Wednesday, February 5 2014 - 07:11 AM WIB
Lundin Petroleum?s assets in Indonesia are located in the Natuna Sea and offshore northeastern Indonesia and onshore south Sumatra. The Indonesian assets consist of approximately 24,750 km? of exploration acreage and one producing field onshore Sumatra.
Production
Lematang (South Sumatra)
| Production in Mboepd | WI | 1 Jan 2013- 31 Dec 2013 12 months | 1 Oct 2013- 31 Dec 2013 3 months | 1 Jan 2012- 31 Dec 2012 12 months | 1 Oct 2012- 31 Dec 2012 3 months
|
| Singa | 25.9% | 1.6 | 1.5` | 1.0 | 1.7 |
The production for the reporting period increased compared to the same period last year following wellhead repairs on the Singa field, Lematang Block.
Exploration
Baronang/Cakalang (Natuna Sea)
Exploration drilling on the Baronang Block (WI 90%) is planned to commence in the first quarter of 2014 with a well and a sidetrack targeting the Balqis and Boni prospects with estimated gross prospective resources of 47 MMboe and 55 MMboe respectively. The jack-up rig Hakuryu 11 has been contracted for the purpose of drilling the well and the sidetrack. The rig is currently in Vietnam waiting on weather before being mobilised to Indonesia.
Gurita (Natuna Sea)
Following the completion of the interpretation of the 3D seismic acquisition of 950 km? acquired in 2012, the Gobi prospect has been identified as the targeted prospect for the 2014 exploration well on the Gurita Block (WI 90%). The Gobi prospect, which is estimated to contain gross 24 MMboe of prospective resources, is a fault-dip closure on the south flank of the Jemaja High, with stacked closures at multiple levels for Oligocene aged fluvial and alluvial sands which have been proven in many wells in the Natuna Basin. The Gobi prospect is scheduled to be drilled in 2014 immediately following th e completion of the drilling of the Balqis and Boni prospects on the Baronang Production Sharing Contract (PSC). In the event that the Hakuryu 11 rig is delayed further in Vietnam there is a risk that the Gobi-1 well is delayed until 2015.
South Sokang (Natuna Sea)
A 3D seismic acquisition programme of 1,000 km? has been completed on the South Sokang Block (WI 60%) during the reporting period. The seismic processing and interpretation is schedule to be completed in the first half of 2014.
Cendrawasih VII (Papua)
In July 2013, Lundin Petroleum announced that it had signed a new PSC with SKKMigas whereby Lundin Petroleum will swap its Sareba Block with a new Block called the Cendrawasih VII Block (WI 100%) offshore eastern Indonesia. (end of excerpt)