Lundin wins approval for first offshore Malaysia project

Petronas has approved Lundin Malaysia’s development plan for the Bertam field offshore Peninsular Malaysia.

Offshore staff

KUALA LUMPUR, Malaysia – Petronas has approved Lundin Malaysia’s development plan for the Bertam field offshore Peninsular Malaysia.

Lundin has a 75% interest in the field and surrounding block PM307, with Petronas Carigali the other partner.

Development will be based around a 20-slot wellhead platform alongside a spread-moored FPSO in a water depth of 76 m (249 ft). There will be 14 horizontal wells completed with electric submersible pumps.

Lundin estimates total investment, aside from FPSO-related costs, at around $400 million.

10/10/2013

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