Lundin Malaysia has started drilling of the Bambazon exploration well in Block SB307/SB308 in offshore East Malaysia.

The shallow water Bambazon prospect lies to the north of a producing field in offshore East Malaysia and will target hydrocarbons in Miocene aged sands.

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Lundin will use the West Prospero jack-up rig to drill the Bambazon well to a total depth of about 1,250m below mean sea level. Drilling is expected to be conducted for 25 days.

Lundin Malaysia holds an 85% working interest in Block SB307/SB308 along with partner Petronas Carigali, which owns 15%.

"Drilling of the well began in December to a total depth of around 1,700m below mean sea level."

Separately, Lundin Malaysia has also completed drilling of the Imbok-1 exploration well in Block SB307/308 in offshore East Malaysia.

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Drilling of the well began in December to a total depth of around 1,700m below mean sea level.

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Imbok-1 was also drilled using the West Prospero rig and encountered minor oil shows, and was targeting hydrocarbons in Miocene aged sands.

It was later plugged and abandoned.

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

Of 31 December 2014, Swedish oil and gas company Lundin Petroleum had proven and probable reserves of 187.5 million barrels of oil equivalents (Mboe).

As of 11 August 2015, the company has an estimated gas reserve of 515Mboe in the Johan Sverdrup field.