Lundin Finds Gas at Maligan Prospect Offshore East Malaysia

Lundin Finds Gas at Maligan Prospect Offshore East Malaysia
Lundin Malaysia completes the Maligan exploration well in Block SB307/308 offshore East Malaysia after finding significant gas shows.

Sweden's Lundin Petroleum AB reported Thursday that its wholly owned subsidiary Lundin Malaysia BV has completed the Maligan exploration well in Block SB307/SB308, offshore East Malaysia.

The Maligan well, which was drilled with the jackup West Prospero (400' ILC) to a total depth of approximately 4,528 feet (1,380 meters), encountered significant gas shows. Lundin spud the well Jan. 29.

"The well has now been plugged and abandoned and will be expensed in the first quarter of 2016," Lundin said in the press release.

Lundin Malaysia operates Block SB 307/308, holding a 65 percent working interest. DYAS B.V. and PETRONAS Carigali Sdn Bhd – the upstream arm of Malaysia's national oil company Petroliam Nasional Berhad (PETRONAS) – are the other partners in the block, with 20 percent interest and 15 percent interest, respectively.

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