Lundin Petroleum AB (TSX:LUP) announced that it has spudded the Merawan-Batu 1 exploration well in the PM308B Block, located off the east coast of Peninsular Malaysia. The well is the company’s third in the country this year.
As quoted in the press release:
The well will target hydrocarbons in Oligocene aged sands in a faulted anticline in an undrilled area 50 km to the west of the Janglau oil discovery made by Lundin Petroleum in 2011.
Merawan Batu-1 is a vertical well to be drilled by the jackup rig West Courageous to a depth of 3,584 metres in approximately 60 metres water depth.