Lundin bites dust on Kitabu-1

Lundin Petroleum’s Kitabu-1 exploration well, in Blocks SB307/SB30, offshore Sabah, Malaysia, came up dry, the Swedish independent announced on 18 November.

Lundin said that the primary reservoir interval contained poor quality siltstone, and that no hydrocarbon shows were seen in the well.

The company spudded the well on 27 October using Seadrill’s West Prospero jackup rig. The well reached 2270m, its total planned depth. It will now be plugged and abandoned.

The Kitabu-1 well, located in 50m of water, was to target the Miocene-aged turbidite sands, which Lundin said were of similar age to Shell’s South Furious 30 oil field located 4km to the north. Lundin said the Kitabu prospect is located down-dip of and stratigraphically below the similar seismic amplitude anomalies that define the South Furious oil field. It had placed the chance of geological success at 30%.

Lundin said estimates for the Kitabu prospect were thought to contain unrisked, gross perspective resources of 71MMboe. The wildcat was one of 22 wells the Swedish company planned to drill by the end of 2014.

Lundin Petroleum operates Blocks SB307/SB30 with 42.5% interest. Its partners include EnQuest (42.5%) and PETRONAS Carigali Sdn Bhd (15%).

Last month, Lundin experienced similar disappointment at its Gobi-1 exploration well, offshore Indonesia in the West Natuna basin. The Gobi-1 well failed to find hydrocarbons and was later plugged and abandoned.

Image: West Prospero/Seadrill

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Lundin begins Kitabu off Malaysia

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