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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 its South East Asia core area.



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 a gross plateau production rate of 15,000 bopd is expected towards the end of the year. The field is estimated to contain gross reserves of 18.4 MMboe.

A gas discovery was made on the Tembakau prospect in PM307 which was successfully appraised during 2014.

Malaysia licences

Licence Area km2 Licence Type Lundin Interest Operator Partner
 PM307 (Bertam, Tembakau) 6,126 Exploration/
Production
75% Lundin  Petronas Carigali 25%
 PM308A 5,495 Exploration 35% Lundin  Petronas Carigali 25%,
 JX Nippon Oil & Gas Exploration 40%
 PM308B 8,659 Exploration 50% Lundin  Petronas Carigali 25%, HiRex 25%
 PM319 8,400 Exploration 85% Lundin  Petronas Carigali 15%
 PM328 5,600 Exploration 50% Lundin  Petronas Carigali 40%
 E&P Malaysia Venture 10%
 SB303 878 Exploration 75% Lundin  Petronas Carigali 25%
 SB307/308 6,230 Exploration 42.5% Lundin  EnQuest 42.5%,
 Petronas Carigali 15%

 

 
   

FRANCE


» 19 licences
  - 14 production
  -  5 exploration
» Net reserves 21.1 MMboe

NORWAY


» 64 licences
  - 7 production
  - 5 development
  - 52 exploration
» Net reserves 148.7 MMboe

NETHERLANDS


» 21 licences
  -  18 production
  -  3 exploration
» Net reserves 2.5 MMboe

RUSSIA


» 2 licences
  - 1 development
  - 1 exploration
 

INDONESIA


» 6 licences
  -  1 production
  -  5 exploration
» Net reserves 1.4 MMboe

MALAYSIA


» 7 exploration licences
» Net reserves 13.8 MMboe