Lundin Abandons Well Offshore Malaysia After Minor Oil Shows


Hey, not my fault Lundin posts bad news after good back-to-back.

Dateline 2016-01-08, EPMag:

Lundin Petroleum subsidiary Lundin Malaysia BV has plugged and abandoned the Imbok-1 exploration well offshore East Malaysia after encountering minor oil shows, according to a news release.

The well, which is located in Block SB307/308, targeted hydrocarbons in Miocene-aged sands. Imbok-1 was drilled with the West Prospero jackup rig.

Lundin Malaysia holds 85 percent working interest in SB307/308. Partner is Petronas Carigali Sdn Bhd with a 15 percent working interest. Lundin Malaysia operates six blocks in Malaysia, the release said.

 

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