Lundin Petroleum upbeat on Indo assets

The Swedish oil and gas exploration and production company Lundin Petroleum has announced positive results from testing of two oil and gas wells in Indonesia.      The strong flow rates from the newly tested TBA-3 and TBA-4 delineation wells, both are located in West Papua Indonesia, confirm the viability of the development of the TBA field, claims Lundin Petroleum.
     First production from TBA-3 and TBA-4 wells is anticipated to commence in the second half 2005. Crude oil from the two wells will be produced into to a floating production, storage and offloading vessel.
     The tests were completed 7 May. Lundin Petroleum holds a 14.51 percent share in the Salawati Island Production Sharing Contract where the wells are located.

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