Lundin Spuds Malaysia Oil, Gas Well

Lundin Petroleum last week announced that its wholly owned subsidiary Lundin Malaysia has commenced drilling of the Bambazon oil and gas exploration well in Block SB307/SB308, offshore East Malaysia.  

The Bambazon 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.  According to the company website, the well will target net unrisked prospective resources of 48 MMboe, with an estimated chance of geological success of 36 percent. 

Bambazon will be drilled with the West Prospero jack-up rig to a total depth of approximately 1,250 metres below mean sea level. The drilling of the well is expected to take approx. 25 days.  
Lundin Malaysia holds 85 percent working interest in SB307/SB308. Partner is PETRONAS Carigali with a 15 percent working interest. Lundin Malaysia operates six Blocks in Malaysia, namely PM307, PM319, PM308A, PM328, SB307/308 and SB303.