Lundin Malaysia BV, a wholly owned subsidiary of Swedish independent Lundin Petroleum AB of Stockholm, has completed drilling the Bambazon exploration well on Block SB307/SB308 offshore eastern Malaysia.
The Bambazon well, which was drilled by Seadrill Ltd.’s West Prospero jack up rig to a total depth of 1,380 m, encountered 15 m of net logged reservoir pay with oil shows over three main reservoir intervals. The well has been plugged and will be expensed in this year’s first quarter, Lundin said.
Lundin Malaysia holds 85% working interest in SB 307/308. Partners are Petronas Carigali Sdn. Bhd. with 15% working interest. Lundin Malaysia operates six blocks in Malaysia: PM307, PM319, PM308A, PM328, SB303, and SB307/308.