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Lundin Petroleum Completes Maligan Exploration Well

Source: www.gulfoilandgas.com 3/3/2016, Location: Asia

Lundin Petroleum AB announces that its wholly owned subsidiary Lundin Malaysia BV has completed the Maligan exploration well in Block SB307/SB308, offshore East Malaysia.

The Maligan well was drilled with the West Prospero jack-up rig to a total depth of approximately 1,380 metres and encountered significant gas shows. The well has now been plugged and abandoned and will be expensed in the first quarter of 2016.

Lundin Malaysia holds 65 percent working interest in SB 307/308. Partners are DYAS B.V. with a 20 percent working interest and PETRONAS Carigali Sdn Bhd with a 15 percent working interest. Lundin Malaysia operates six blocks in Malaysia, namely PM307, PM319, PM308A, PM328, SB303 and SB307/308.

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