Lundin Abandons Well Offshore Malaysia After Minor Oil Shows

February 18, 2016

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.


Lundin Petroleum commences Imbok exploration well, offshore Malaysia

January 15, 2016

Dateline 2015-12-08, Scandinavian Oil & Gas Magazine:

Lundin Petroleum AB is pleased to announce that its wholly owned subsidiary Lundin Malaysia BV has commenced drilling of the Imbok-1 exploration well in Blocks SB307 and SB308, offshore East Malaysia.

The Imbok prospect is in shallow water and lies to the east and south of two major producing fields in offshore East Malaysia. The well will target hydrocarbons in Miocene aged sands.

Imbok-1 will be drilled with the West Prospero jack-up rig to a total depth of approximately 1,700 metres below mean sea level. The drilling of the well is expected to take approximately 30 days.