Lundin Drills Dry Well in Block PM308A Offshore Malaysia

Sweden's Lundin Petroleum AB (Lundin Petroleum) announced Thursday that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has completed the Selada-1 exploration well in Block PM308A, offshore Malaysia. The well was dry and has been plugged and abandoned.

The well was targeting hydrocarbons in Miocene aged sands approximately 8.7 miles (14 kilometers) to the south of the Bertam field operated by Lundin Malaysia. Selada-1 was drilled with the West Prospero (400' ILC) jackup.

Lundin Malaysia holds 75 percent working interest in PM308A. Partner is PETRONAS Carigali Sdn Bhd with 25 percent working interest. Lundin Malaysia operates seven blocks in Malaysia, namely PM307, PM319, PM308A, PM308B, PM328, SB303 and SB307/308.

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