Lundin produces first oil from offshore Malaysia


Dateline 2015-04-14, UPI:

Swedish energy company Lundin Petroleum declared victory Tuesday after announcing its first volumes of oil produced from a field off the coast of Malaysia.

Lundin announced its Malaysian subsidiary started commercial production from the Bertam field using four pre-drilled development wells. Peak production of 15,000 barrels of oil per day is expected by late 2015.

“Bertam is our first development project in Malaysia and as such we are very pleased to have achieved first oil safely, on schedule and within budget,” Lundin President and Chief Executive Officer Ashley Heppenstall said in a statement.

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