#bambazon

PETRONAS to develop four marginal fields

Jom, let’s have bids by a kampung or daerah cooperative. 1HLDB anyone?

Dateline 2019-12-24, The Edge:

PETROLIAM Nasional Bhd (Petronas) has launched a new licensing round for four marginal field clusters, with the bidding process open from October 2019 to May 2020, according to the national oil firm’s Activity Outlook 2020-2022.

Described as discovered resources opportunities (DRO) clusters, they…

Lundin Petroleum Provides First quarter 2016 Financial Update

[featured][/featured]Lundin Petroleum AB will expense pre-tax exploration costs of approximately MUSD 71 and recognise a net foreign exchange gain of approximately MUSD 159 for the first quarter of 2016. The profitability for the first quarter of 2016 will be impacted by certain expensed exploration costs as well as a net foreign currency exchange gain, mainly related to the revaluation of loan…

Lundin Petroleum hits oil offshore Malaysia

That’s a high working interest.

Dateline 2016-01-25, Energy Voice:

Lundin Petroleum said it has hit oil after completing work on the Bambazon exploration well offshore East Malaysia.

The company said the well encountered 15 metres of reservoir pay with oil shows over three main reservoir intervals.

The well in Block SB307/SB308 has since been plugged and abandoned.

It was drilled with the West…

Lundin Spuds Bambazon Prospect in Block SB307/308 Offshore East Malaysia

Dateline 2016-01-08, Rigzone:

Sweden’s Lundin Petroleum AB announced Friday that its wholly owned subsidiary Lundin Malaysia BV has commenced drilling of the Bambazon exploration well in Block SB307/SB308, offshore East Malaysia.

The Bambazon prospect, located in shallow water and lies to the north of a major producing field in offshore East Malaysia, will target hydrocarbons in Miocene aged…