Lundin Sareba BV, the wholly owned subsidiary of Lundin Petroleum AB (Lundin Petroleum), has entered into a production sharing contract (PSC) amendment with SKKMigas to replace the existing Sareba block acreage with new acreage named Cendrawasih VII (CVII) at offshore north-eastern Indonesia. Under the amended agreement, Lundin Petroleum has been awarded the new block acreage after the existing block acreage was declared a protected nature conservation area. The CVII block that covers an area of approximately 5,545 km has been partially explored.
