By the OGJ Online Staff
HOUSTON, May 9 -- Swedish producer Lundin Oil AB, through its wholly owned subsidiary Lundin Malaysia Ltd., Wednesday announced an oil discovery on Block PM-3 CAA in a joint development area off Malaysia and Viet Nam.
The East Bunga Raya No. 1 encountered seven oil zones. The main oil zone was production tested and flowed at 5,500 b/d.
Total net pay in the well was 168 ft of oil. A reassessment of the reserves is underway.
Lundin said the additional hydrocarbon reserves delineated by the well can be developed using excess capacity from the planned Phase 2 infrastructure with minor processing and production debottlenecking refinements.
The operator, Lundin Malaysia Ltd., holds a 41.44% interest. Partners are Petronas Carigali Sdn. Bhd., 46.06%, and PetroVietnam Exploration & Production 12.5%.
