Lundin Petroleum announced Tuesday that it drilled dry at its Kitabu-1 well in offshore Sabah, Malaysia.
The well, located in blocks SB307/SB308, reached a planned total depth of 7,447 feet.
Kitabu-1 was targeting Miocene aged turbidite sands of similar age to those found at the Shell operated South Furious 30 oil field about 2.5 miles north of Kitabu-1.
The well encountered a primary reservoir of “poor quality siltstone” with no hydrocarbon shows.
It will be plugged and abandoned as a dry hole.
Switzerland-based Lundin Petroleum holds 42.5 percent interest in Blocks SB307/SB30 through its wholly owned subsidiary Lundin Malaysia.
UK-based EnQuest holds a 42.5 percent interest and Malaysia’s Petronas holds a 15 percent interest.
Lundin Malaysia operates seven blocks in Malaysia,: PM307, PM308A, PM308B, PM319, PM328, SB303 and SB307/SB308.