Annual Report 2005 (6 MB) - Lundin Petroleum

OPERATIONS REVIEW
Workover rig, Paris Basin
Zuidwal platform, Netherlands
NETHERLANDS
FRANCE
France is one of the operated producing areas of Lundin Petroleum. In the Paris
Basin and Aquitaine Basin, production is optimised by using a variety of workover
techniques, water injection and development drilling programmes. Facilities and
infrastructure are in place with excess capacity to enable future development.
Further exploration opportunities and exploitation of contingent resources
are being pursued to provide Lundin Petroleum with stable production and
cashfl ow.
Through selective drilling programmes, investments in new projects and
continued operational improvements, the French assets will continue to provide
Lundin Petroleum with long term production.
Reserves: 20.1 MMboe
2005 average net production: 4,200 boepd
2005 highlights
■ 1 exploration well drilled in the Nemours licence, La Tonelle-1. The well is under
a long term production test.
■ 2 producers in Vert La Gravelle and Courdemanges converted into injectors.
■ Successfully fractured a Soudron Rhaetian producer using cold water, resulting
in an 8-fold productivity improvement.
■ First oil from the Les Mimosas discovery via temporary production facilities.
2006 work programme
■ Continue cold water fracture campaign in the Paris Basin.
■ Further develop the North-East part of Villeperdue by drilling 3 producers
and 1 injector using under balanced drilling techniques.
■ Continue to optimise water injection pattern in Soudron and Grandville by
converting 2 existing wells into water injectors.
■ Drill an exploration well in the Val des Marais permit.
■ Develop Les Mimosas fi eld with permanent facilities.
The Netherlands is a mature gas province providing Lundin Petroleum with stable, long term onshore and off shore production. The
production is generated from non-operated interests. Although most of the producing fi elds are mature, additional infi ll drilling and
development opportunities are actively pursued.
The Dutch government continues to provide a market for all discovered gas through its small gas fi eld policy. As a result several
development and exploration projects are ongoing to maintain and increase current production profi les.
Reserves: 5.9 MMboe
2005 average net production: 2,340 boepd
2005 highlights
■ 1 development well K5-EC5 well on stream.
■ 1 development well K4-BE4 spudded.
■ 1 exploration well F12/4 spudded.
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2006 work programme
■ Drill K4-BE4 well.
■ K4-A5 well to be drilled off shore.
■ Following successful tie-back L4/9 well, fi nalise L4G
development, with tie-back to L4A platform. First gas in 2006.