Lundin Oil Suspends Drilling at Jarayan-1 Exploration Well
Lundin Oil Sudan Limited has suspended the Jarayan-1 exploration well after finding only sub-commercial quantities of oil, reports said.
The well was the second exploratory well to be drilled on Block 5A.
The 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.
Thar Jath-2 appraisal well operations were suspended on April 16th, 2001.
A three-dimensional seismic program will be carried in parallel with the drilling of Thar Jath-2 with a view to fully delineate the field.
Lundin Sudan Limited is the operator with a 40.4 percent interest in Block 5A. 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 exclusively engaged in oil and gas exploration and production. The Company is producing oil and gas in the UK sector of the North Sea and oil offshore Malaysia/Vietnam.
The Lundin Oil Group has a development project in Libya and ongoing exploration projects in Libya, Albania and the Sudan. The Company's shares are publicly listed on the Stockholm Stock Exchange (symbol ``LOILB'') and on NASDAQ (symbol ``LOILY'') – Albawaba.com
© 2001 Al Bawaba (www.albawaba.com)