Lundin Petroleum Begins 2012 Malaysian Drilling Campaign

Sweden's Lundin Petroleum announced Tuesday that it has begun its 2012 Malaysian drilling campaign with the spud Tiga Papan 5 well – which is located in the SB307 & SB308 blocks offshore Sabah, East Malaysia.

The well will target mid-Miocene aged sands of the Tiga Papan Unit previously tested in 1982 with the original discovery well that flowed at a cumulative rate of 5,631 barrels of oil per day.
A vertical well will test the un-appraised fault block to the east of the original Tiga Papan 1 discovery well. In the event of encouragement the well will be sidetracked into the same fault block as the original discovery well to test the down dip extension of the pay zones encountered there.
The well will be drilled with the Offshore Courageous (350' ILC) rig in a water depth of approximately 190 feet to a depth of 5,480 feet below the sea. 
The well is the first of the five-well program Lundin plans for 2012 in its Malaysian blocks.
Lundin Petroleum holds a 42.5-percent interest in SB307and SB308 through its subsidiary Lundin Malaysia. Lundin Malaysia's partners are Petronas Carigali, with a 25-percent interest, and Nio Petroleum Sabah. Lundin Malaysia operates five blocks in Malaysia: PM308A, PM308B, SB303, SB307 and SB308.


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