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Lundin Petroleum completes Selada exploration well, offshore Malaysia

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Oilfield Technology,

Lundin Petroleum AB (Lundin Petroleum) has announced that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has completed the Selada-1 exploration well in Block PM308A, offshore Malaysia. The well was dry and has been plugged and abandoned.

The well targeted hydrocarbons in Miocene aged sands approximately 14 km to the south of the Bertam field operated by Lundin Malaysia. Selada-1 was drilled with the West Prospero jack-up rig.

Lundin Malaysia holds 75% working interest in PM308A. Partner is PETRONAS Carigali Sdn Bhd with 25% working interest. Lundin Malaysia operates seven blocks in Malaysia, namely PM307, PM319, PM308A, PM308B, PM328, SB303 and SB307/308.

Lundin Petroleum is a Swedish independent oil and gas exploration and production company, listed on NASDAQ Stockholm (ticker "LUPE"). Lundin Petroleum has proven and probable reserves of 187.5 million boe as at 31 December 2014 and 515 million boe in respect of the Johan Sverdrup field as at 11 August 2015.

Edited from press release by

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