Mixed UK performance for Lundin

Lundin Oil produced an average of 15,000 boe/d net from its three operated UK northern North Sea fields during the first half of 2007.

Offshore staff

OSLO, Norway --Lundin Oil produced an average of 15,000 boe/d net from its three operated UK northern North Sea fields during the first half of 2007.

The Broom satellite was the strongest performer, despite an unplanned shutdown of the host Heather platform. Lundin plans to drill another development well on Broom shortly, and newly acquired 3D seismic over the Greater Heather area will assist in position of Broom's next infill well.

In contrast, output from the Heather field was below par due to a lack of water injection and postponement of the Heather Triassic well. Elsewhere in the region, Lundin is re-developing the Thistle field, with new facilities planned to extend the platform's life, starting with re-installation of its drilling rig.

In the Norwegian sector, the company's plans to explore the Luno prospect in license PL338 have been delayed due to upgrade work in Poland on the contracted drilling rigBredford Dolphin. Lundin is also lining up an appraisal well on the Nemo field in PL148 using the jack-up Maersk Giant.

08/15/2007

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