Dateline 2012-12-06:
Lundin Petroleum AB (“Lundin Petroleum”) is pleased to announce that its wholly owned subsidiary, Lundin Malaysia BV, has signed a new production sharing contract (PSC) with PETRONAS covering block PM319, offshore Peninsular Malaysia.
Block PM319 covers an area of approximately 8,400 km2 and is located west of Block PM307 where Lundin Petroleum and PETRONAS Carigali have achieved success during 2012 with the appraisal of the Bertam oil field and the discovery of gas with the Tembakau-1 well.
The area has very limited 3D coverage and work commitments include a full tensor gravity survey, 550 km2 of 3D seismic and one wildcat exploration well. A number of leads have been identified on 2D seismic data.
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Wata - Malaysian Oil and Gas Engineer 