Bertam offshore oil development to get 14 wells

Lundin Oil has provided an update on its recently approved Bertam oil field development offshore peninsular Malaysia.

Offshore staff

STOCKHOLM, SwedenLundin Oil has provided an update on its recently approved Bertam oil field development offshore peninsular Malaysia.

The field, in block PM307, holds reserves of 17 MMboe and is scheduled to start producing oil in 2015, building to a peak rate of 15,000 b/d. It will feature a 20-slot wellhead platform stationed close to the spread-mooredIkdam FPSO, with 13 horizontal wells and one deviated well completed with electric submersible pumps.

Keppel Shipyard is performing the FPSO life extension work in Singapore. Development drilling should start next summer. Lundin estimates the total costs of the development, excluding FPSO-related expenditure, at around $400 million.

The same block contains last year’s 306-bcfTembakau gas discovery. Lundin plans to appraise this structure as part of its next offshore peninsular Malaysia drilling campaign in 2014.

Currently the company is processing 3D seismic data newly acquired over the northern part of PM307.

Offshore Sabah in eastern Malaysia, Lundin is looking to commercialize gas from theBerangan, Tarap, Cempulut, and Titik Terang discoveries in block SB303, probably through a cluster development. In 2014 it plans to drill the Maligan and Kitabu prospects on the same block, both covered under the newly processed 500-sq km (193-sq mi) Emerald 3D survey.

A further 500-sq km survey, Francis 3D, was completed on SB307/308 at the end of July, and that data is expected to be processed during the first half of 2014.

Offshore Indonesia, Lundin expects to start exploration drilling on the Baronang block later this year, using the JDC jackupHakuryu 11. A well and a side track will target the Balqis and Boni prospects with respective prospective resources of 47 MMboe and 55 MMboe, respectively.

This program will be followed by a well in the Gurita block on the 25-MMboe Gloria A prospect. This is a fault-dip closure on the south flank of the Jemaja High, with stacked closures at multiple levels for Oligocene fluvial and alluvial sands prevalent in other wells in the Natuna basin.

11/8/2013

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