Lundin Completes Drilling, Testing at Tembakau-2 Well in PM307 Off Malaysia

Lundin Petroleum AB (Lundin Petroleum) announced Wednesday that it has completed the first well in its 2014 Malaysian drilling campaign with the successful drilling and testing of Tembakau-2 appraisal well in Block PM307, offshore Malaysia.

Tembakau-2 was drilled by the jackup West Prospero (400' ILC) to a depth of 4,757 feet (1,450 meters) in 223 feet (68 meters) water depth.

The well targeted stacked gas reservoirs in Miocene aged sands in a large, low-relief, structure discovered by Lundin Petroleum’s Tembakau-1 well in late 2012.

Tembakau-2 is 2.3 miles (3.7 kilometers) to the south of the discovery well and penetrated 72 feet (22 meters) of gross gas sands in four sand intervals between 2,952 feet (900 meters) and 4,265 feet (1,300 meters) subsea. The main two reservoirs penetrated were fully cored and the well was comprehensively logged.

The reservoir deliverability was measured through production testing. The “I20” sand produced at stabilized flow rate of 15.8 million standard cubic feet per day (MMscf/d) of gas over a 8 hour period on 64/64 inch choke and the “I10” sand produced at stabilized flow rate of 15.9 MMscf/d of gas over a 8 hour period on 72/64 inch choke.

Each perforated interval was 9.8 feet (3 meters). The gas produced is dry with approximately 0.5 percent CO2 (carbon dioxide). Multiple samples were obtained for further laboratory analysis. The data gathered will be analyzed and integrated with 3D seismic information to update the current gross contingent resource estimate of gas and to provide reservoir information for conceptual development studies.

Ashley Heppenstall, president and CEO, commented; “The appraisal drilling results from Tembakau are positive. We are incorporating the results of the well into an updated resource estimate. We will now move forward in reviewing conceptual development options and I am hopeful that this will lead to another commercial development project in Malaysia.”


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