OilVoice - Lundin Spuds Liyeke Marine-1 Well on Congo Brazzaville Marine XI Licence

Lundin Spuds Liyeke Marine-1 Well on Congo Brazzaville Marine XI Licence

Monday, August 24, 2009

Lundin Petroleum AB announces that drilling of the exploration well Liyeke Marine-1, located in Block Marine XI Congo, has commenced.

The planned depth is approximately 1,130 metres below mean sea level and the well will be drilled by using the jack-up drilling rig Pride Cabinda. The drilling operation is expected to take 25 to 35 days, with testing additional in the event of success.

The well is targeting a post-salt, Sendji formation reservoir. Lundin Petroleum estimates gross unrisked prospective resources of 73 million barrels of oil equivalent (MMboe).

Lundin Petroleum has a 18.75 percent working interest in the licence which is operated by SOCO International.