Lundin Malaysia, the wholly owned subsidiary of Lundin Petroleum, has started drilling of the Maligan exploration well in Block SB307 / SB308, offshore East Malaysia.

Located in shallow water, the Maligan prospect lies to the north of a producing field in offshore East Malaysia.

The well will be drilled with the West Prospero jack-up rig to a total depth of about 1,700m below mean sea level, and would target hydrocarbons in Miocene aged sands.

Maligan drilling activity is expected to be carried out for 30 days.

"The well was drilled to a total depth of about 1,380m and encountered about 15m of net logged reservoir pay with oil shows over three main reservoir intervals."

Block SB307 / SB308 is 85% owned by Lundin Malaysia along with partner Petronas Carigali, which owns a 15% working interest.

The company operates the Blocks PM307, PM319, PM308A, PM328, SB307 / 308 and SB303 in Malaysia.

Lundin’s latest announcement follows its recently completed drilling of Bambazon exploration well in the block using the same rig West Prospero in January 2015.

The well was drilled to a total depth of about 1,380m and encountered about 15m of net logged reservoir pay with oil shows over three main reservoir intervals.

After completion of drilling, the well was plugged and abandoned.

On 31 December 2015, Lundin Petroleum reported proven and probable reserves of 685 million barrels of oil equivalents.