Sweden-based Lundin Petroleum said Tuesday that production at its Bertam field in offshore Malaysia is now online.
The Bertam field saw first oil on April 5 from four pre-drilled development wells, Lundin said.
The remaining production wells will be drilled sequentially and go onstream throughout the rest of the year.
Bertam is expected to hit a gross plateau production rate of 15,000 barrels of oil per day by late 2015.
The field is located in Block PM307, offshore the eastern coast of Peninsular Malaysia.
Lundin Malaysia operates the field with a 75 percent working interest and Malaysia’s Petronas holds a 25 percent working interest.
The Bertam field has been developed with a wellhead platform adjacent to a spread-moored FPSO in a water depth of 246 feet and was delivered on schedule and on budget.
Bertam is the third Lundin project to go into production over the last four months.
“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,” Lundin president and CEO Ashley Heppenstall said.