Malaysia: Lundin spuds third 2012 offshore wildcat

Lundin Petroleum AB, Stockholm, has spudded the Merawan Batu-1 exploratory well, the third well in the company’s 2012 Malaysian drilling campaign.

The well targets hydrocarbons in Oligocene-aged sands in a faulted anticline on the PM308B block off peninsular Malaysia in an undrilled area 50 km west of Lundin’s 2011 Janglau oil discovery. The West Courageous jackup is to drill the vertical well to 3,584 m in 60 m of water.

Lundin has 75% interest in PM308B, and Petronas Carigali Sdn. Bhd. has 25%.

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