Lundin Petroleum has spud the Tarap-1 well in the SB 303 Block offshore Sabah in Eastern Malaysia.
The company’s well will target the Miocene sandstones that is located in the Kindu sub basin. Lundin will employ the Offshore Courageous rig to drill the well at a water depth of around 70 m. The well will be a deviated one and is directionally drilled to cut stacked seismic anomaly series and has a proposed drilling to a depth of 2,140 m subsea.
Lundin Malaysia has planned for five well programs in 2011 and this Tarap-1 well is the first among them in its Malaysian Blocks.
The company possesses 75% interest in SB303 with its subsidiary Lundin Malaysia. PETRONAS Carigali is the partner of Lundin Malaysia with 25% interest. PM308A, PM308B, SB303, SB307 and SB308 are the five Malaysian blocks operated by Lundin Malaysia.
The CEO and President of the Lundin Group, Ashley Heppenstall states that the company was successful in major explorations in the 1990s and has now started five well drilling program in Malaysia.