Lundin completes Bambazon exploration well, offshore Malaysia

1/25/2016

STOCKHOLM, Sweden -- Lundin Petroleum’s wholly owned subsidiary Lundin Malaysia has completed the Bambazon exploration well, in Block SB307/SB308, offshore East Malaysia.

The Bambazon well encountered approximately 15 m of net logged reservoir pay with oil shows over three main reservoir intervals. The well has been plugged and abandoned and will be expensed in the first quarter of 2016.

Bambazon was drilled with the West Prospero jackup rig to a total depth of approximately 1,380 m.

Lundin Malaysia holds an 85% working interest in SB307/SB308. Its partner is PETRONAS Carigali Sdn Bhd, with a 15% working interest. Lundin Malaysia operates six blocks in Malaysia: PM307, PM319, PM308A, PM328, SB303 and SB307/308.

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