Lundin anticipates spring start-up for Bertam offshore Malaysia

Offshore staff

STOCKHOLM, Sweden – Lundin Petroleum has allocated $35 million for exploration offshore Malaysia this year.

The company intends to drill two operated wells on the PM307 concession and to commission a seismic survey on PM328.

Lundin expects its Bertam oil field to come onstream this spring, reaching plateau production later this year via a wellhead platform connected to an upgraded FPSO.

This year the company has budgeted capex of $180 million for drilling and completion of 12 development wells and installation and hookup of the FPSO.

01/07/2015

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