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Lundin begins Kitabu off Malaysia

By  Monday, 27 October 2014 09:16
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Lundin Petroleum AB spudded the Kitabu-1 exploration well in Block SB307/308, offshore Sabah, Malaysia.

The West Prospero. From Seadrill.
 

The Kitabu prospect is a stratigraphic trap located 4km to the north of the Shell-operated producing South Furious 30 oil field with target reservoirs in onlapping turbidite sandstones of the same Miocene sequence.

Lundin Petroleum estimates Kitabu’s to contain unrisked, gross prospective resources of 71MMboe.

The jackup rig West Prospero will drill Kitabu-1, a vertical well, to a depth of 2270m in approximately 50m water depth. Drilling is expected to take approximately 35 days.



Lundin Petroleum operates Block SB307/308  with a (42.5%) interest through its subsidiary Lundin Malaysia BV with partners EnQuest (42.5%) and Petronas Carigali (15%).

Lundin Malaysia BV operates seven blocks in Malaysia: PM307, PM308A, PM308B, PM319, PM328, SB303 and SB307/308.

In October, Lundin Petroleum began drilling at the Gobi-1 wildcat exploration well in the Gurita production sharing contract (PSC) located in the West Natuna basin, in the Natuna Sea, offshore Indonesia. Drilling and evaluation is expected to take about 30 days.

In September, Lundin Petroleum acquired operatorship and 50% interest from Petronas Carigali in its seventh Malaysian block, PM328. Lundin Malaysia is conducting 3D seismic of 600sq km of the 6500sq km block as part of the three-year PSC.

Over the summer, Lundin Malaysia began development drilling at the nearby Bertam oil field located in

The PM307 block. Lundin Petroleum acquired the PM307 license block in 2011, and  Lundin Malaysia completed the Bertam-2 appraisal well in 2012.

Read more:

Gobi-1 spudded off Indonesia

Lundin acquires interest off Malaysia

Drilling at Bertam off Malaysia set to start

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