LogIn LogOut

Lundin, DYAS in Malaysia farm-out

February 1, 2016

Lundin Malaysia has signed farm-out agreements (FOA) with certain wholly owned subsidiaries of DYAS for part of its working interests across three production sharing contracts (PSC) in Malaysia.

The FOA covers Blocks PM328, SB307/308 and gas holding areas in SB303 with an effective date of 1 July 2015.

According to the FOA terms, DYAS will be transferred 20% working interest in PSC SB303, and 15% working interest in PM328. In addition, DYAS will be transferred 20% working interest in PSC SB307/308 for paying a promote on certain forward costs in relation to the upcoming exploration campaign on SB307/308 in the Sabah region offshore East Malaysia.

Following this transaction, Lundin Petroleum holds a 65% working interest in SB307/308, a 55% working interest in SB303 and a 35% working interest in PM328.



Current News

Russia Expecting Oil Output Bump

Russia Expecting Oil Output Bump

VOS Champion Starts New Charter

VOS Champion Starts New Charter

Fugro Completes Deepwater AUV Survey for Shell

Fugro Completes Deepwater AUV Survey for Shell

China to Launch State Pipeline Group

China to Launch State Pipeline Group

Neptune Buys East Sepinggan Stake

Neptune Buys East Sepinggan Stake

EnQuest Awarded Block PM409 PSC

EnQuest Awarded Block PM409 PSC

Tendeka Launches One-trip Remedial System

Tendeka Launches One-trip Remedial System

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week