Lundin Petroleum updates drilling activity
Offshore staff
Lundin Petroleum AB has started drilling the second development well in the Phase 2 drilling program on the Broom field complex, offshore UK.
The development well will be a sidetrack of one of the existing three production wells on the West Heather structure. West Heather continues to produce in excess of 25,000 b/d from the remaining two wells.
The company drilled and completed the first well in the Phase 2 drilling program on the North Terrace structure, which will tie back to the Heather Alpha platform facility following the completion of the West Heather development well.
Production from both wells is anticipated to come onstream in 4Q 2005.
Also, Lundin has contracted GlobalSantaFe International Drilling Corp., an affiliate of Applied Drilling Technology Inc., to drill an appraisal well on the Aje field (OML 113), offshore Nigeria.
The field was discovered in 1996 with the first appraisal well drilled in 1997, which proved the existence of both oil and gas in separate reservoirs in the field. The drilling is scheduled to take one month and will use Transocean'sSedco 709 semisubmersible rig, which is currently on contract to another operator in Gabon. It is anticipated that the rig will be on location and ready to spud in late July 2005.
Partners in the OML113 venture are Yinka Folawiyo Petroleum Co. Ltd., Lundin Petroleum, Palace Exploration Co., Challenger Mineral Inc., Providence Resources Plc, Howard Energy Co. Inc., and Syntroleum Corp.
06/23/05