Project Profile
Value: Undisclosed
Location: offshore Malaysia, north east of PM307
Reserves: Unknown
Production: Unknown
Area: 5,600 square kilometres
Depth: Unknown
Start-up Year: -
PM328 is located offshore Malaysia, north east of PM307 which is also operated by Lundin Malaysia. PM328 covers an area of 5,600 square kilometres. The initial PSC term is for 3 years; within the first 18 months Lundin Malaysia has committed to undertake the acquisition of 600 square kilometres of 3D seismic. Lundin Malaysia then has the option to commit to drilling one well in the remaining 18 months, or elect to hand back its interests to PETRONAS Carigali without penalty. The remaining interest in the block will be held by PETRONAS Carigali 40 percent and E&P Malaysia Venture Sdn Bhd 10 percent.
Operators:
Lundin Malaysia: Operator with 35% interest
DYAS B.V.: 15% interest
PETRONAS Carigali : Operator with 40% interest
E&P Malaysia Venture Sdn Bhd: Operator with 10% interest.
Contractors:
Subcontractors: