Lundin Petroleum spuds Kitabu exploration well in Malaysia

Lundin Petroleum spuds Kitabu exploration well in Malaysia

STOCKHOLM, Sweden -- Lundin Petroleum has started drilling the Kitabu-1 exploration well in Block SB307/308, offshore Sabah, Malaysia.

The Kitabu prospect is a stratigraphic trap located four km to the north of the Shell-operated producing South Furious 30 oil field with target reservoirs in onlapping turbidite sandstones of the same Miocene sequence.
 
Lundin Petroleum estimates the Kitabu prospect to have the potential to contain unrisked, gross prospective resources of 71 MMboe.

Kitabu-1 is a vertical well to be drilled by the jackup rig West Prospero, to a depth of 2,270 m, in approximately 50 m of water. The drilling of the well is expected to take approximately 35 days.

Lundin Petroleum holds a 42.5% interest in Block SB307/308 through its subsidiary Lundin Malaysia BV. Lundin Malaysia BV's partners are EnQuest with a 42.5% interest and Petronas Carigali with a 15% interest.

Lundin Malaysia BV operates seven blocks in Malaysia, namely PM307, PM308A, PM308B, PM319, PM328, SB303 and SB307/308.