Lundin Discovers Significant Offshore Gas

Published at 11:05AM - 03/03/16

Lundin Petroleum discovers significant offshore gas, at its latest exploration well offshore Malaysia with the Seadrill drilling rig West Prospero.

The Swedish based oil and gas independent announced the discovery Thursday, stating that the well encountered ‘significant gas shows’.

Lundin Discovers Significant Offshore Gas

The discovery was made during Lundin Petroleum’s ongoing expiration offshore East Malaysia with the Seadrill jackup drilling rig West Prospero.

This latest well, known as Maligan, has been drilled to the north of an existing gas field, which itself is a major producer according to Lundin.

Located in Malaysian block SB307/SB308, Lundin reported that Maligan encountered ‘significant gas shows’, after reaching a total depth of 4,528 feet (1,380m), below its original target depth of 5,577 feet (1,700m).

Maligan has now been plugged and abandoned and will be expensed in the first quarter of 2016.

Lundin Petroleum holding a 65% stake, acts as operator of block SB 307/308, with partners DYAS B.V. 20% and PETRONAS 15%.

West Prospero Rig

Seadrill’s West Prospero is a jackup drilling rig delivered in 2007 by Keppel Offshore & Marine’s Pioneer Yard, Singapore.

The West Prospero has the capability to operate in a maximum water depth of 400 feet (122m) and drill to a maximum depth of 30,000 feet (9,144m).