Swedish oil firm suspends drilling at Sudanese exploration well
Swedish-based Lundin Oil AB has announced that its wholly owned subsidiary, Lundin Oil Sudan Limited has suspended drilling at its the Jarayan-1 exploration well in Sudan after encountering sub-commercial quantities of oil.
As a result, the company’s drilling rig has been moved back to Thar Jath to drill the first appraisal well (Thar Jath-2), which is located 3.1 kilometers from the Thar Jath-1 discovery well, which flowed at a combined rate of 4260 barrels of oil per day.
Lundin Sudan is the major shareholder in the project, with a 40.4 percent interest. The other partners are Petronas Cargali with 28.5 percent, OMV (Sudan) Exploration GmBh with 26.1 percent and Sudapet with 5 percent.
Lundin Oil is a Swedish independent oil company with exploration and production activities in eight different countries worldwide. – (Albawaba-MEBG)
© 2001 Mena Report (www.menareport.com)