Lundin Petroleum completes "Censa-Ormat 1" drilling and
testing operations
Posted: 7 October 2003
Lundin Petroleum completed the drilling and testing operations
of the "Censa-Ormat 1" exploration well located in the
Val des Marais exploration permit, onshore France.
The well reached the Dogger reservoir, the main target, where a
potential oil producing zone was identified for testing. The zone
initially produced oil at a rate of 300 bopd from a fractured reservoir
system but unfortunately the water cut then increased to approximately
99%. As a result the well is non-commercial and will be suspended.
Ashley Heppenstall, President and CEO, said "Whilst we are
disappointed with the results of this exploration well we remain
confident that the Paris Basin does have further exploration potential.
This is clearly seen from the recently announced reserve additions
in the Les Merisier field where we have added at least 25 per cent
to our net reserves in the Paris Basin".
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 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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