Lundin Petroleum AB (Lundin Petroleum) announced in early January 2016 the start of its next drilling in Malaysia. Its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has commenced drilling of the Bambazon 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.
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 approximately 25 days.
Lundin Malaysia holds 85 percent working interest in SB307/SB308. Partner is PETRONAS Carigali Sdn Bhd with a 15 percent working interest. Lundin Malaysia operates six Blocks in Malaysia, namely PM307, PM319, PM308A, PM328, SB307/308 and SB303.
Lundin Petroleum is a Swedish independent oil and gas exploration and production company with a well-balanced portfolio of world-class assets primarily located in Europe and South East Asia.