CORE AREA - SOUTH EAST ASIA / OTHER OPERATIONS
South China Sea BLOCK 06/94
BARONANG BLOCK PM308B SABAH BRUNEI SARAWAK
SALAWATI ISLAND SUMATRA LEMATANG Java Sea KALIMANTAN SULAWESI SALAWATI BASIN
WEST SAREBA PAPUA
Lundin Petroleum operator Lundin Petroleum partner
Oil ﬁeld Gas ﬁeld
exploration drilling in Marine XIV
Lundin Petroleum has an 18.75 percent interest in Block Marine XI and a 21.55 percent working interest in the adjoining Block Marine XIV, offshore Congo (Brazzaville). Previous exploration activity on the Block Marine XI has resulted in four small oil discoveries. All discoveries are situated near existing facilities and in shallow water. The Liyeke Marine-1 exploration well in Block Marine Xl was drilled in 2009 and encountered a heavy oil column. An appraisal well on the Viodo discovery was completed as a further oil discovery. The results of the well are currently being reviewed with respect to the development potential of the Viodo filed. In Block Marine XlV a 3D seismic survey was completed in 2009 and exploration drilling will commence in 2010.
CONGO (BRAZZAVILLE) – KEY DATA Contingent resources (MMboe) 2009 1.4 2008 3.2
consistent production from Oudna field
The Oudna field (WI 40%) came on stream in November 2006. The field is producing at relatively stable rates of approximately 3,000 bopd, gross, despite late life and high water cut. The Oudna field consists of a single production well supported by a single water injection well, both tied back to the Ikdam FPSO. Reservoir pressure is maintained by water injection and artificial lift is provided by a crude oil powered jet-pump. The Ikdam FPSO is owned by Ikdam Production S.A. and the shareholders are Lundin Petroleum (40%), Teekay-Petrojarl Production AS (40%) and Gezina AS (20%).
TUNISIA – KEY DATA Reserves (MMboe) Contingent resources (MMboe) Average production per day (Mboepd) Net turnover (MSEK) Sales price achieved (USD/boe) Cost of operations (USD/boe) Operating cash flow contribution (USD/boe) 2009 0.3 7.9 1.4 194.1 54.72 26.83 13.33 2008 0.4 7.9 1.6 335.2 116.22 22.42 63.45