Lundin Petroleum AB announces that it has commenced the drilling of the Cempulut prospect located in Block SB303, offshore Sabah in East Malaysia.
The main objective of the well is to test a large shallow late Miocene carbonate reef with a crestal seismic amplitude anomaly.
The planned total depth is 1,031 meters subsea and the well will be drilled using the jack-up drilling rig Offshore Courageous. The well is expected to take approximately 30 days.
Lundin Petroleum holds 75 percent interest in SB303 through its subsidiary Lundin Malaysia BV. Lundin Malaysia BV operates 6 Blocks in Malaysia, namely PM308A, PM308B, PM307, SB303, SB307 and SB308.
The company on July 12 announced that it has discovered gas in the Tarap-1 well that was drilled in Block SB303, offshore Sabah, East Malaysia.
Ashley Heppenstall, President and CEO of Lundin Petroleum comments “Sabah currently has two gas demand centres located in Kota Kinabalu and Labuan Island that are supplied from existing offshore infrastructure. The addition of a third demand centre with the construction of the Sabah Oil and Gas Terminal at Kimanis and the Sabah-Sarawak gas pipeline gives us a broad range of options to explore for gas monetisation in the area.”
[mappress] Source:Lundin Petroleum , July 14, 2011;