Lundin updates Indonesian ops

Wednesday, August 5 2015 - 07:12 AM WIB

The following is an excerpt taken from Swedish oil gas firm Lundin Petroleum?s quarterly report ended 30 June 2015 released on Wednesday.

Production

Lematang (South Sumatra)
The production from the Singa field has been in line with the forecast during the reporting period. The field was shut-in during part of 2014 to allow for a re-routing of the gas pipeline and re-commenced production in late 2014.

Production in Mboepd WI 1 Jan 2015? 30 Jun 2015 6 months 1 Apr 2015? 30 Jun 2015 3 months 1 Jan 2014? 30 Jun 2014 6 months 1 Apr 2014? 30 Jun 2014 3 months 1 Jan 2014? 31 Dec 2014 12 months
Singa 25.9% 1.7 1.7 1.5 1.5 1.4

Exploration

Cendrawasih VII (Papua)
Lundin Petroleum is undertaking geological and technical studies on the Cendrawasih VII Block (WI 100%), offshore eastern Indonesia. As part of the 2D seismic acquisition over Cendrawasih VIII approximately 200 km of 2D lines were also shot over the Parson prospect on Cendrawasih VII. Processing of these lines was completed during the reporting period and interpretation is ongoing.

Cendrawasih VIII (Papua)
In November 2014 Lundin Petroleum entered into a Joint Study Agreement for 100 percent of the Cendrawasih VIII Block which is contiguous to Cendrawasih VII Block. The acquisition and processing of approximately 2,300 km of 2D seismic was successfully completed during the reporting period and interpretation is ongoing. (end of excerpt)

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