Lundin makes gas find off shore of Malaysia


Lundin seems to be a good place to work, with continuing new on exploration and finds.

Dateline 2016-03-03, Marketwatch:

Swedish oil producer Lundin Petroleum AB (LUPE.SK) said Thursday it has completed the Maligan exploration well in Block SB307/SB308, offshore East Malaysia.

The company said the well encountered significant gas shows and it has now been plugged and abandoned. It will be expensed in the first quarter of 2016.

Lundin Malaysia holds 65% working interest in SB 307/308. Partners are DYAS B.V. with a 20% working interest and PETRONAS Carigali Sdn Bhd with a 15% working interest.

Swedish oil producer Lundin Petroleum AB (LUPE.SK) said Thursday it has completed the Maligan exploration well in Block SB307/SB308, offshore East Malaysia.

The company said the well encountered significant gas shows and it has now been plugged and abandoned. It will be expensed in the first quarter of 2016.

Lundin Malaysia holds 65% working interest in SB 307/308. Partners are DYAS B.V. with a 20% working interest and PETRONAS Carigali Sdn Bhd with a 15% working interest.

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