The exploration well targeted hydrocarbons in Oligocene aged sands in a faulted anticline in an undrilled area 50km to the west of the Janglau oil discovery made by Lundin Petroleum in 2011.
The objective reservoirs were successfully penetrated, however it proved to be water-bearing.
The well will be plugged and abandoned as a dry hole, the company said.
The jackup rig West Courageous will now move to drill the Tembakau prospect in Block PM307.
Lundin Petroleum, through its subsidiary Lundin Malaysia, holds 75% interest in PM308B while its parter PETRONAS Carigali Sdn Bhd owns the remaining 25% interest.
Lundin Malaysia operates six blocks in Malaysia, including PM307, PM308A, PM308B, SB303, SB307 and SB308.
