Lundin
exploration well in Iran reaches its target depth
Posted: 28 May 2004
Lundin Petroleum is pleased to report that its first exploration
well, SQD-1, in Iran has reached its final target depth of 2876m.
Logs through the whole drilled section have been acquired and interpreted
and, based on detailed analyses, a decision has been made to go
ahead with a test program.
The program is designed to test for potential hydrocarbons in both
the Sarwak and the Asmari reservoirs. Both reservoirs are well known
in Iran, and in the vicinity of the Munir block where several large
fields currently are producing from such reservoirs.
It is anticipated that the final results will be available in July.
In parallel, preparation for the next exploration well S-1 in the
Munir block are well under way with the well site location and access
road completed. It is anticipated that the rig will be mobilized
to the new location as soon as the testing program of SQD-1 is completed.
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, Ireland, Netherlands,
Norway, Sudan, Tunisia, United Kingdom and Venezuela. The Company
is listed on the O-list at Stockholmsbörsen, Sweden (ticker
"LUPE").
For more information see www.lundin-petroleum.com
Posted by Richard Price,
Editor Pipeline Magazine
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