Lundin Petroleum Spuds Exploration Well Offshore Congo
Lundin Petroleum AB (Lundin Petroleum) announced that drilling of the exploration well Mindou Marine-1, located offshore in Block Marine XI Congo-Brazzaville, has commenced.
The planned depth is approximately 3400 metres below mean sea level and the well will be drilled by using the semi-submersible drilling rig ENSCO 5003. The drilling operation is expected to take 50 days.
The well is targeting a pre-salt Toca formation carbonate reservoir within a combination structural and stratigraphic trap. This well will fulfill the Phase II drilling commitment on the licence and is the first of a two to three well programme on blocks Marine XI and XIV.
Lundin Petroleum has an 18.75 percent working interest in the licence which is operated by SOCO International.
Lundin Petroleum is a Swedish independent oil and gas exploration and production company with a well balanced portfolio of world-class assets in Europe, South East Asia, Russia and Africa. The Company is listed at the NASDAQ OMX, Stockholm (ticker “LUPE”) and at the Toronto Stock Exchange (TSX) (ticker “LUP”). Lundin Petroleum has proven and probable reserves of 187 million barrels of oil equivalent (MMboe).
Source: Lundin Petroleum,September 7, 2011;