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Lundin Petroleum makes another gas find off Malaysia


  

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Thursday, 04 August 2011
The Swedish oil company, Lundin Petroleum has made a second gas discovery, with Cempulut-1 well that was drilled in Block SB303, offshore Sabah, East Malaysia.

Cempulut-1 was drilled with the Offshore Courageous rig in a water depth of approximately 75 meters. The well was drilled to a total depth of 1,095 meters. The Cempulut-1 well intersected a large Late Miocene carbonate reef with excellent reservoir properties.

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Lundin Petroleum holds a 75 percent interest in SB303 through its subsidiary Lundin Malaysia BV. Lundin Malaysia BV's partner is PETRONAS Carigali Sdn Bhd with a 25 percent interest.

Ashley Heppenstall, President and CEO of Lundin Petroleum comments in a press release: "This is the second gas discovery made by Lundin Petroleum in SB303 and the third in the contract area which also contains the Titik Terang discovery. All three discoveries are in close proximity to one another and with additional undrilled leads and prospects also in the block a clear opportunity to evaluate the potential for a cluster development now exists."
By Scancomark.se Team


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