Lundin Petroleum Spuds Malaysia Offshore Well

Lundin Petroleum has commenced drilling of 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 the Bertam field operated by Lundin Malaysia. The Selada-1 exploration well will be drilled with the to a total depth of approximately 1,700 metres below mean sea level.  The drilling of the well is expected to take about 30 days.

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

As per the company website, the Selada Prospect has estimated net unrisked prospective resources potential of 5 MMboe and a chance of geological success of 55%.