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One-Page Deal Sheet

Lundin to Acquire 50% Interest in Offshore Malaysia Block

Lundin Petroleum Petronas
AnnouncedSep 25, 2014
TypeFarm-In/Farm Out
Announced Date
September 25,2014
Effective Date
August 31,2014
Transaction Type
Farm-In/Farm Out




Snapshot
Asset/Basin:
{"Offshore Malaysia"}
Net Acres
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Location
Region
Asia - Pacific

Country
Malaysia


Transaction Details:  Subscribe to see

Lundin Petroleum AB, through its wholly owned subsidiary Lundin Malaysia B.V., has entered into agreements to acquire a 50 percent interest in PM328, and operatorship of the block, from PETRONAS Carigali. The effective date of the transaction is 31st August 2014.

PM328 is located offshore Malaysia, north east of PM307 which is also operated by Lundin Malaysia. PM328 covers an area of 5,600 square kilometres.

The initial PSC term is for 3 years; within the first 18 months Lundin Malaysia has committed to undertake the acquisition of 600 square kilometres of 3D seismic. Lundin Malaysia then has…


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