Kitabu-1 well in Malaysia disappoints Lundin

Kitabu-1 well in Malaysia disappoints Lundin

STOCKHOLM, Sweden -- Lundin Petroleum has finished drilling the Kitabu-1 well located in blocks SB307/SB308, offshore Sabah, Malaysia, and found it to be a dry hole.

Objectives of the Kitabu-1 well were Miocene aged turbidite sands of similar age to the Shell-operated South Furious 30 oil field, approximately 4 km to the north. However, the primary reservoir interval resulted in being a poor quality siltstone, and no hydrocarbon shows were encountered in the well.

The well has reached the planned total depth of 2,270 m and is to be plugged and abandoned as a dry hole.
 
Lundin Petroleum holds a 42.5% interest in blocks SB307/SB30 through its wholly owned subsidiary, Lundin Malaysia. Its partners are EnQuest, with a 42.5% interest, and Petronas Carigali, with a 15% interest.

Lundin Malaysia operates seven blocks in Malaysia, namely, PM307, PM308A, PM308B, PM319, PM328, SB303 and SB307/SB308.