Lundin Spuds Maligan Prospect in Block SB307/SB308 Off East Malaysia

Sweden's Lundin Petroleum AB announced Friday that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has commenced drilling of the Maligan exploration well in Block SB307/SB308, offshore East Malaysia.

The shallow water Maligan prospect, located north of a major producing field in offshore East Malaysia, will target hydrocarbons in Miocene aged sands, the company said in a press release.  

Lundiin, who holds an 85 percent operating interest in the block, will take 30 days to drill Maligan well using the jackup West Prospero (400' ILC) to a total depth of approximately 5,577 feet (1,700 meters) below mean sea level. 

Malaysia's national oil company Petroliam Nasional Berhad's (PETRONAS) upstream arm PETRONAS Carigali Sdn Bhd is Lundin's partner in Block SB307/SB308 with a 15 percent interest.



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