Project Profile
Value: Undisclosed
Location: Offshore Sabah, Malaysia
Reserves: unknown
Area: 6,230 km2
Start-up year: -
Blocks SB307 and SB308 cover an area of about 6,230 km2. The blocks contain one oil discovery that will be the subject of further evaluation to determine if it can be commercially developed. In addition, several prospects and leads have been identified in the blocks from previous 2D and 3D seismic campaigns. The blocks contain two oil discoveries, Tiga Papan and Bambazon, that are currently being re-evaluated to determine if they can be commercially developed. In addition, several prospects and leads have been identified in the blocks from previous 2D and 3D seismic campaigns.
Operators:
Lundin Petroleum: Operator with 65% interest
DYAS B.V.: 25% interest
Petronas: 15% interest
Contractors:
Barakah Offshore Petroleum Berhad (through its subsidiary PBJV Group Sdn Bhd): Contract with Lundin Petroleum to provide hook-up, commissioning and topside maintenance services for Lundin’s offshore oil and gas fields in Malaysia. The value of the contract will depend on the work order to be issued by Lundin for the duration of the contract. The contract duration is from 14 August 2014 to 4 February 2016