KUALA LUMPUR: Lundin Petroleum AB and its joint venture partner Petronas Carigali Sdn Bhd have made a second gas discovery offshore Sabah.
The Swedish independent oil and gas exploration and production company said on Thursday, Aug 4 the discovery was with the Cempulut-1 well that was drilled in Block SB303, off Sabah.
According to the statement posted on its website, Cempulut-1 was drilled with the Offshore Courageous rig in a water depth of about 75 meters. The well was drilled to a total depth of 1,095 meters.
'The Cempulut-1 well intersected a large Late Miocene carbonate reef with excellent reservoir PROPERTIES [],' it said.
Lundin Petroleum said the gross total vertical pay thickness encountered was about 50 metres. The deeper targeted oil leg however proved to be water bearing.
An extensive data acquisition program was completed including pressure measurements, sampling and a mini flow test. The data recovered from the well would be analysed further to determine a range of resource estimates.
Lundin Petroleum president and CEO Ashley Heppenstall said this was the second gas discovery made by Lundin Petroleum in SB303 and the third in the contract area which also contains the Titik Terang discovery.
'All three discoveries are in close proximity to one another and with additional undrilled leads and prospects also in the block a clear opportunity to evaluate the potential for a cluster development now exists," he said.
Heppenstall said the rig would now move to drill the Batu Hitam prospect, in PM308A, the third well in Lundin Petroleum's five well drilling campaign in Malaysia in 2011.
Lundin Petroleum has a 75% stake in SB303 through its subsidiary Lundin Malaysia BV. Lundin Malaysia's partner is Petronas Carigali with a 25% stake.
The Swedish independent oil and gas exploration and production company said on Thursday, Aug 4 the discovery was with the Cempulut-1 well that was drilled in Block SB303, off Sabah.
According to the statement posted on its website, Cempulut-1 was drilled with the Offshore Courageous rig in a water depth of about 75 meters. The well was drilled to a total depth of 1,095 meters.
'The Cempulut-1 well intersected a large Late Miocene carbonate reef with excellent reservoir PROPERTIES [],' it said.
Lundin Petroleum said the gross total vertical pay thickness encountered was about 50 metres. The deeper targeted oil leg however proved to be water bearing.
An extensive data acquisition program was completed including pressure measurements, sampling and a mini flow test. The data recovered from the well would be analysed further to determine a range of resource estimates.
Lundin Petroleum president and CEO Ashley Heppenstall said this was the second gas discovery made by Lundin Petroleum in SB303 and the third in the contract area which also contains the Titik Terang discovery.
'All three discoveries are in close proximity to one another and with additional undrilled leads and prospects also in the block a clear opportunity to evaluate the potential for a cluster development now exists," he said.
Heppenstall said the rig would now move to drill the Batu Hitam prospect, in PM308A, the third well in Lundin Petroleum's five well drilling campaign in Malaysia in 2011.
Lundin Petroleum has a 75% stake in SB303 through its subsidiary Lundin Malaysia BV. Lundin Malaysia's partner is Petronas Carigali with a 25% stake.
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