Lundin reports first oil from Malaysia’s Bertam field

STOCKHOLM, Sweden -- Lundin Petroleum’s wholly owned subsidiary Lundin Malaysia achieved first oil from Malaysia's Bertam field on April 5, the company announced Tuesday.

Bertam field has commenced production from four pre-drilled development wells. The remaining production wells will be drilled sequentially and put onstream through the remainder of 2015, with the field’s gross plateau rate of 15,000 bopd expected to be achieved by late 2015.

The field is located on Block PM307, offshore the eastern side of Peninsular Malaysia. Lundin Malaysia is the operator with a 75% working interest, and Petronas Carigali holds the remaining 25%.

Bertam field has been developed with a wellhead platform adjacent to a spread-moored FPSO in a water depth of 75 m.

The Plan of Development for the field was approved by Petronas in September 2013, with first oil having been achieved within 18 months of its approval. 

This is Lundin Petroleum’s third project to be put into production over the last four months and with Edvard Grieg field coming onstream during the fourth quarter of 2015, the company remains on track to achieve a 2015 exit production rate of in excess of 75,000 boed.

“Bertam is our first development project in Malaysia, and, as such, we are very pleased to have achieved first oil safely, on schedule and within budget. The Bertam project is an excellent example of how fast-track projects can be developed through close collaboration between ourselves, Petronas Carigali, Petronas and our contractors,” said Ashley Heppenstall, president and CEO of Lundin Petroleum.