Lundin Discovers Gas Offshore Malaysia

Lundin Petroleum AB announced Monday that its wholly owned subsidiary, Lundin Malaysia BV, has made a small gas discovery at the Mengkuang-1 exploration well in license PM307 offshore Malaysia.

The well targeted hydrocarbons in Miocene aged sands approximately 46 miles northwest of the Bertam field, which is operated by Lundin Malaysia. Mengkuang-1 was drilled using the West Prospero (400’ ILC) to a total depth of 4,130 feet below mean sea level. The well, which encountered almost 30 feet of gas pay in Miocene channel sands, has now been plugged and abandoned.

Lundin Malaysia holds a 75 percent working interest in PM307, with Petronas Carigali Sdn Bhd holding the remaining 25 percent working interest. Lundin Malaysia operates blocks PM307, PM319, PM308A, PM308B, PM328 and SB307/308 in Malaysia.



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