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Operations
Malaysia    

The Bertam field produced first oil in April 2015 and is Lundin Petroleum’s first operated producing field in Malaysia



Lundin Petroleum operates in two core areas, offshore peninsular Malaysia and offshore Sabah, east Malaysia.

The Plan of Development for the Bertam field was approved in September 2013. The fast-track development included a wellhead platform and an FPSO upgrade which was completed on budget in less than 18 months from approval of the Plan of Development. First oil from the Bertam field commenced in April 2015 and 2015 net production was at 5,480 boepd. The field is estimated to contain gross reserves of 14.3 MMboe.

Malaysia licences

Licence Area km2 Licence Type Lundin Interest Operator Partner
 PM307 (Bertam, Tembakau) 6,126 Exploration/
Production
75% Lundin  Petronas Carigali 25%
 PM328 5,600 Exploration 35%¹ Lundin  Petronas Carigali 40%
 Dyas PM BV 15%¹
 E&P Malaysia Venture 10%
 SB303 30 Gas Holding Area 55%¹ Lundin  Petronas Carigali 25%
 Dyas Sabah BV 20%¹
 SB307/308 6,230 Exploration 65%¹ Lundin  Petronas Carigali 15%
 DyasSabah BV 20%¹
 ¹subject to government approval
 
     

FRANCE


» 20 licences
  - 15 production
  -  5 exploration
» Net reserves 19.1 MMboe

NORWAY


» 64 licences
  - 8 production
  - 2 development
  - 54 exploration
» Net reserves 684.5 MMboe

NETHERLANDS


» 20 licences
  -  18 production
  -  2 exploration
» Net reserves 1.9 MMboe

RUSSIA


» 1 development licence
 

MALAYSIA


» 4 licences
   - 1 production
   - 3 exploration
» Net reserves 10.7 MMboe