Lundin makes gas find off shore of Malaysia

April 23, 2016

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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Posted by Wata

Lundin commences Maligan exploration well

March 22, 2016

Dateline 2016-01-29, Your Oil & Gas News:

Subsidiary Lundin Malaysia BV (Lundin Malaysia) has commenced drilling of the Maligan exploration well in Block SB307/SB308, offshore East Malaysia.

The Maligan prospect is in shallow water and lies to the north of a major producing field in offshore East Malaysia. The well will target hydrocarbons in Miocene aged sands.

Maligan 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.

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Posted by Wata