Lundin bites dust off Malaysia

by on July 27, 2012 9:52 am BST

Lundin Petroleum has failed to find any hydrocarbons at the Tiga Papan 5 well off Sabah, Malaysia.

The Swedish player managed to penetrate the targetted reservoir interval at the well on Blocks SB307 and SB308 but came up dry.

“The Tiga Papan-5 well targeted an un-appraised fault block
of mid-Miocene aged sands of the Tiga Papan Unit that was successfully tested
in 1982 by the Tiga Papan 1 well,” it said on Friday.

“The well successfully penetrated the target reservoir
interval, however, it proved to be water bearing. The well will be plugged and
abandoned as a dry hole.

“The West Courageous rig…will now move to drill the Berangan prospect located in Block SB303.”

Lundin operates the two blocks with a 42.5% share. It is joined by Petronas on 25% and Nio Petroleum Sabah with the remainder.