Lundin Petroleum AB is pleased to announce that it has acquired a 34 percent interest in Block E, offshore Cambodia from Medco International Petroleum Ltd. (‘Medco’), Kuwait Energy Company KSCC and JHL Petroleum Ltd. Completion of the transaction is subject to governmental approvals.
Block E covers 5,559 square kilometers and is located offshore Cambodia, in the Pattani Basin. The block contains several plays in addition to rift basin, fault traps and several structures have been identified. A 1,200 kilometer 2D seismic acquisition has recently been completed and is currently being processed and interpreted to define further exploration activities.