Lundin Wraps Up Tiga Papan 5 Well Offshore Malaysia

Lundin Petroleum AB (Lundin Petroleum) has completed the Tiga Papan 5 well located in Blocks SB307 & SB308, offshore Sabah, Malaysia.

The Tiga Papan-5 well targeted an un-appraised fault block of mid-Miocene aged sands of the Tiga Papan Unit that was successfully tested in 1982 by the Tiga Papan 1 well.

The well successfully penetrated the target reservoir interval, however, it proved to be water bearing. The well will be plugged and abandoned as a dry hole.

The West Courageous (350' ILC) rig (renamed from Offshore Courageous) will now move to drill the Berangan prospect located in Block SB303.

Lundin Petroleum holds 42.5 percent interest in Blocks SB307 & SB308 through its subsidiary Lundin Malaysia BV. Lundin Malaysia BV's partners are PETRONAS Carigali Sdn Bhd with a 25 percent interest and Nio Petroleum Sabah (Limited). Lundin Malaysia BV operates five blocks in Malaysia, namely PM308A, PM308B, SB303, SB307 & SB308.

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