Lundin Spuds Selada-1 Prospect in Block PM308A Offshore Malaysia



Sweden's Lundin Petroleum AB announced Monday that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has commenced drilling of the Selada-1 exploration well in Block PM308A, offshore Malaysia.

The well will target hydrocarbons in Miocene aged sands and is located 8.7 miles (14 kilometers) to the south of the Bertam field operated by Lundin Malaysia.

The Selada-1 exploration well will be drilled with the West Prospero (400' ILC) jackup to a total depth of approximately 5,577 feet (1,700 meters) below mean sea level. The drilling of the well is expected to take approximately 30 days.

Lundin Malaysia is the operator of and holds a 75 percent working interest in PM308A with PETRONAS Carigali Sdn Bhd holding a 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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