Lundin Petroleum’s Indonesian assets include non-operated production from the Singa gas field and four exploration licences located in the Natuna Sea, Java and Papua.
First gas was produced from the Singa field located in the Lematang Block, South Sumatra, in May 2010. A gas sales agreement is in place to supply gas to customers in West Java. Lundin Petroleum had net 2P reserves as at end 2013 of 1.9 MMboe and net best estimate contingent resources of 3 MMboe.
There are four other exploration licences within proven petroleum systems. Acquisition and interpretation of 2D and 3D have identified a number of prospects and exploration drilling activities will commence in2014.