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Lundin Petroleum resumes drilling in Aquitaine Basin, France

Posted: 22 July 2003

Lundin Petroleum AB announced that development drilling operations have resumed in the Aquitaine Basin, onshore France.

The Les Pins-5 development well has spudded on the Les Pins field operated by Esso Rep.

Lundin Petroleum holds three Production and one Exploration licences in the Aquitaine Basin with a 50 per cent working interest.

The remaining 50 per cent interest is held by Esso. Current Lundin Petroleum’s net production in the Aquitaine Basin is 1,150 bopd (approximately 28 per cent of Lundin Petroleum’s total production in France) and net remaining proven and probable reserves are 10 million barrels.

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 at the New Market at Stockholmsbörsen, Sweden.

For more information see www.lundin-petroleum.com.

Posted by Richard Price, Editor Pipeline Magazine

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