Lion Energy to Commercialise Lofin-2 Gas Discovery in Indonesia

Lion Energy has declared the Lofin-2 appraisal well at the Seram (Non Bula) production sharing contract (PSC) in Eastern Indonesia as gas discovery.

“Lofin-2 is an exciting result for Lion and we look forward to working with our co-venturers and the Government on commercialising this important discovery,” Lion CEO Kim Morrison said.

The well flowed gas at approx. 17.8 mmcfpd and has now been suspended.

The Lofin-2 appraisal well spudded on 31 October 2014. The well was drilled to appraise the 2012 Lofin-1 discovery which flowed gas and some oil/condensate from the Manusela Formation fractured limestone.

The well is operated by CITIC Seram Energy Ltd with other co-venturers being KUFPEC (Indonesia) Ltd, Gulf Petroleum Investment Company and Lion Energy which has a 2.5 percent stake. .