Exploration • Drilling • Field Services
first discovery drilled in the deep water portion of the pre-salt play. Diaman-1B is located over 60 miles away from the nearest other pre-salt commercial discovery. Te operator and partners are currently
evaluating the well results and incorporating them into an overall evaluation of the Diaman-1B discovery. Te well will be temporarily abandoned pending further analysis of the data. Marathon Oil holds a 21.25 per cent non- operating working interest in the Diaba License. Partners include Total Gabon as operator (42.5 per cent working interest), Cobalt International Energy (21.25 per cent working interest), and Gabonese Republic (15 per cent working interest). Moving to Russia, Lundin Petroleum and
its partner Gunvor have entered into a heads of agreement with Rosneft to jointly sell 51 per cent of Petroresurs. Petroresurs is the 100 per cent owner of the Lagansky block licence located in the Russian part of the Caspian Sea. Te Lagansky block licence contains the Morskoye discovery with best estimate gross contingent resources of 157 million boe. Lundin Petroleum currently has a 70 per cent shareholding in Petroresurs, with Gunvor holding the remaining 30 per cent. As part of the agreement, Rosneft and Lundin Petroleum have agreed to investigate possible
cooperation in the Norwegian and Russian offshore sectors. Meanwhile in Malaysia, Lundin Petroleum’s
subsidiary Lundin Malaysia has received approval for the Bertam field development plan from Petronas. Te Bertam field is the first development project operated by Lundin Petroleum in the country. Te Bertam field is located in Block PM307,
offshore peninsular Malaysia. Lundin Malaysia as operator holds a 75 per cent working interest and PETRONAS Carigali holds the remaining 25 per cent working interest. “Te approval from Petronas of the Bertam
field development plan is a major achievement for the south east Asia business. We have built an experienced project team with strong record of completing similar projects and are confident we have the capability to deliver this major project on schedule and on budget,” commented Ashley Heppenstall, Lundin Petroleum president and ceo. Finally, Reliance Industries Limited (RIL) and
the Venezuelan state oil company PDVSA have signed a joint study agreement for Ayacucho Block 8 in the Orinoco oil belt. As per the agreement, the companies now will
jointly evaluate the development plan for the block. Te two have also extended by one year the terms of the memorandum of understanding (MOU) for continued cooperation that they signed last year. ●
For more information ✔ at
www.engineerlive.com/iog
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