Lundin Petroleum starts drilling offshore Malaysia, as it explores for oil and gas off the nation’s north Borneo coast.
The Swedish based oil and gas firm is hoping to target potential reserves in Miocene aged sands, in the Maligan prospect, located just north a major pricing field- according to Lundin.
The exploration Maligan well, in Malaysian Blocks SB307/SB308, will be drilled by the Seadrill West Prospero jackup rig to a target depth of 5577 feet (1,700m).
Lundin expect the work to take 30 days to complete, at which time it will report results of any hydrocarbons discovered.
The exploration licence covering blocks SB307/SB308 is held by Lundin Malaysia 85% (operator) and PETRONAS 15%.