Lundin updates Indonesian ops

The following is an excerpt taken from Swedish oil gas firm Lundin Petroleum?s Interim report for nine month period ending 30 Sept 2009 released Wednesday (ed).

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

Following the successful drilling of the South East Walio-1 exploration well in Salawati Basin, two further appraisal wells have been completed with results below expectation.

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 (PERSORO) an Indonesian electricity generating company to supply a gross contract volume of 133 billion standard cubic feet.

The expected plateau production from the Singa gas field, net to Lundin Petroleum, is approximately 12.5 million standard cubic feet per day (2,000 boepd). (end of excerpt)