Lundin Petroleum spuds Val des Marais exploration well
Posted: 24 July 2003
Lundin Petroleum announced the spuding of the “Cense-Ormat
1” exploration well located in the Val des Marais exploration
permit located near the producing Soudron and Villeperdue fields
100 km east of Paris.
Lundin Petroleum is the operator of Val des Marais with 45 per
cent working interest. The remaining interests are held by Jordan
Oil & Gas Corporation with 45 per cent and Carr Production France
with 10 per cent.
The prospect is on trend with existing fields in the Paris Basin
and close to existing facilities. The two main reservoir targets,
the Dogger and Rhaetian formations, are proven reservoirs from nearby
producing fields.
The drilling is anticipated to reach its final total depth of 2,310m
within approximately 30 days.
Lundin Petroleum is currently net producing 2,900 bopd (gross 3,300)
from its Paris Basin fields which have net to Lundin Petroleum remaining
proven and probable reserves of
13.9 million barrels.
Ashley Heppenstall, President and CEO of Lundin Petroleum comments:
“We are very pleased to be exploring in the Paris Basin. This
exploration well has the potential to significantly increase our
French reserves. The prospect is close to existing infrastructure
and in the event of a discovery could be put into production very
quickly.”
Lundin Petroleum is a Swedish independent oil and gas exploration
and production company with a well balanced portfolio of world-class
assets in Albania, France, Indonesia, Iran, Netherlands, Norway,
Sudan, Tunisia and Venezuela. The Company’s shares are traded
on the New Market at Stockholmsbörsen, Sweden.
For more information see www.lundin-petroleum.com.
Posted by Richard Price,
Editor EnergyME.com
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