Lundin Petroleum Completes Bambazon Exploration Well, Offshore Malaysia

Lundin Petroleum said Monday that its wholly owned subsidiary Lundin Malaysia has completed the Bambazon exploration well in Block SB307/SB308, offshore East Malaysia.

The Bambazon well encountered approximately 15 metres of net logged reservoir pay with oil shows over three main reservoir intervals and the well has been plugged and abandoned and will be expensed in the first quarter of 2016, the company said.

According to Lundin, Bambazon was drilled with the West Prospero jack-up rig to a total depth of approximately 1,380 metres.

Lundin Malaysia holds 85 percent working interest in SB 307/308. Partners are PETRONAS Carigali Sdn Bhd with a 15 percent working interest. Lundin Malaysia operates six blocks in Malaysia, namely PM307, PM319, PM308A, PM328, SB303 and SB307/308.