Lundin updates Indonesian upstream ops

The following is taken from excerpt of Lundin Petroleum?s ?Interim Report for Six Month Period Ending 30 June 2008? released on August 13, 2008.(ed)

Salawati Island and Basin (Papua)

The net production from Salawati (Salawati Island WI 14.5% and Salawati Basin WI 25.9%) was 2,400 boepd for the period which was in line with forecast.

Lematang (South Sumatra)

The development of the Singa gas field (WI 25.9%) is ongoing with first gas production expected in 2009. In 2007, a gas sales agreement was signed with PT PLN (PERSERO), an Indonesian electricity generating company, to supply a gross contracted volume of 133 bcf.

Rangkas (West Java)

In the second quarter of 2008, a new PSC was signed for the Rangkas Block (WI 100%) located in the West Java Basin, onshore West Java. Previous drilling in the block has confirmed an active petroleum system and several prospects and leads have been identified from earlier 2D seismic.(end of excerpt)