Petroleum: update on drilling operations in Munir block, Iran
Posted: 12 March 2004
The Sehqanat-1 deep well has reached an initial depth of 1,828
meters and has penetrated the Asmari and Sarvak reservoirs as anticipated.
Logs have been run, casing has been cemented and the rig is currently
on standby waiting for equipment in order to resume drilling operations
as per the drilling program.
The plan is to reach a total target depth of 2, 887 m in order
to penetrate a further five potential reservoirs. In the absence
of any further operational delays with regards to the well, expected
target depth will be reached within 65 to 75 days once drilling
The Munir Block is operated by Edison Gas (40 per cent working
interest) with partners Petronas Carigali Overseas Sdn Bhd (30 per
cent) and Lundin Petroleum (30 per cent). The Block is located within
the Zagros Foldt Belt which is one of the most oil prolific basins
in the world.
Ashley Heppenstall, President and CEO of Lundin Petroleum comments:
"Despite our frustration with the operational delays to date
we continue to be encouraged by the prospectivity of our Iranian
exploration drilling campaign."
Lundin Petroleum is a Swedish independent oil and gas exploration
and production company with a well balanced portfolio of world-class
assets in France, Indonesia, Iran, Ireland, Netherlands, Norway,
Sudan, Tunisia, United Kingdom, Venezuela and Albania. The Company
is listed on the O-list at Stockholmsbörsen, Sweden.
For more further information see www.lundin-petroleum.com
Posted by Richard Price,
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