Lundin spuds well off Malay Peninsula

Offshore staff

STOCKHOLM, Sweden – Lundin Petroleum AB says it has spudded the Janglau prospect well in block PM308A off the eastern coast of Malaysia.

The well targets the hydrocarbon potential of Eocene to Oligocene alluvial sands overlying a pre-Tertiary high that also forms a second objective of the well. The Janglau prospect is northeast of the PM308A block, 7 km (4.3 mi) to the east of the Rhu oil discovery of 1991.

Planned TD is 3,950 m (12,960 ft) subsea and the well is being drilled by the jackup Offshore Courageous. The well is expected to take approximately 45 days.

Lundin Petroleum operates and holds 35% interest in PM308A through its wholly owned subsidiary Lundin Malaysia BV. Partners in PM308A are JX Nippon Oil & Gas Exploration (Peninsular Malaysia) Ltd. with 40% interest and PETRONAS Carigali Sdn. Bhd. with 25%.

09/23/2011



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