Lundin to plug Aje-3 appraisal in Nigeria

Oct. 4, 2005
Lundin Petroleum AB will plug and abandon its Aje-3 appraisal well in 3,100 ft of water on Block OML 113 in the Benin basin off Nigeria (OGJ, May 2, 2005, p. 58).

By OGJ editors
HOUSTON, Oct. 4 -- Lundin Petroleum AB will plug and abandon its Aje-3 appraisal well in 3,100 ft of water on Block OML 113 in the Benin basin off Nigeria (OGJ, May 2, 2005, p. 58).

Aje-3 was drilled to its target depth of 8,482 ft and encountered Turonian and Cenomanian reservoirs that tested hydrocarbon in Aje-1 and Aje-2 (OGJ Online, Sept. 3, 2004). The reservoirs were downdip from the discovery well and below the oil-water contact defined in Aje-2 in the Cenomanian. The Turonian interval in Aje-3 was above the gas-water contact encountered in Aje-1 and Aje-2, but the presence of gas in the reservoir could not be tested due to poor reservoir properties.

Evaluation continues of the Aje structure and Block OML 113. All three Aje wells have proved the existence of an active petroleum system and the presence of a well-developed reservoir and seal. The block remains prospective for exploration and development.

Yinka Folawiyo Petroleum Co. Ltd., a private Lagos independent, is operator of the block. Lundin Petroleum acts as technical advisor to Yinka. Other participants are Palace Exploration Co., Challenger Minerals (Nigeria) Ltd., Providence Resources PLC, Howard Energy Co. Inc., and Syntroleum Corp.