Lundin spuds Selada exploration well, offshore Malaysia

November 09, 2015

STOCKHOLM, Sweden -- Lundin Malaysia, a wholly owned subsidiary of Lundin Petroleum, has commenced drilling the Selada-1 exploration well in Block PM308A, offshore Malaysia.

The well will target hydrocarbons in Miocene aged sands and is located 14 km to the south of Bertam field, operated by Lundin Malaysia.

The Selada-1 exploration well will be drilled with the West Prospero jackup rig to a total depth of approximately 1,700 m below mean sea level. The drilling of the well is expected to take approximately 30 days.

Lundin Malaysia is the operator of and holds a 75% working interest in PM308A with PETRONAS Carigali Sdn Bhd holding a 25% working interest. Lundin Malaysia operates seven blocks in Malaysia, namely PM307, PM319, PM308A, PM308B, PM328, SB303 and SB307/308.

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