Oil explorer Lundin Petroleum has completed the first well in its 2014 Malaysian drilling campaign with “positive” results.
The Tembakau-2 appraisal well in the offshore block PM307 was drilled to a depth of 1,450 metres, 3.7 kilometres to the south of the Tembakau discovery well and penetrated 22 metres of gross gas sands in four sand intervals between 900 metres and 1300 metres subsea. Each perforated interval was three metres.
The well targeted stacked gas reservoirs in Miocene aged sands in a large structure discovered by Lundin Petroleum’s Tembakau-1 well in late 2012.
The company achieved an initial flow rate of between 15.8 million – 15.9 million standard cubic feet per day of gas over an eight hour period.
The well has now been plugged and abandoned Lundin analyses the data gathered to update the current gross contingent resource estimate of gas.
“The appraisal drilling results from Tembakau are positive,” said Ashley Heppenstall, president and chief executive of Lundin Petroleum.
“We are incorporating the results of the well into an updated resource estimate. We will now move forward in reviewing conceptual development options and I am hopeful that this will lead to another
commercial development project in Malaysia.”
Lundin will now move to drill in the Bertam oil field, also in PM307, of which the company is the operator with 75% interest. Petronas owns the remaining 25%.
Elsewhere, the company has spudded the exploration well 7220/11-1 on the Alta prospect in the Barents Sea.
The planned total depth is 2,393 metres below mean sea level and the drill is expected to take approximately 60 days.
Alta holds an estimated unrisked, gross prospective resources of 261 million barrels of oil equivalent, according to Lundin.
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