Lundin Petroleum said it has hit oil after completing work on the Bambazon exploration well offshore East Malaysia.
The company said the well encountered 15 metres of reservoir pay with oil shows over three main reservoir intervals.
The well in Block SB307/SB308 has since been plugged and abandoned.
It was drilled with the West Prospero jack-up rig to a total depth of 1,380 metres.
Lundin Malaysia holds an 85% working interest in SB 307/308.
Partners are PETRONAS Carigali Sdn Bhd with a 15% working interest. Lundin Malaysia operates six blocks in Malaysia, namely PM307, PM319, PM308A, PM328, SB303 and SB307/308.
Earlier today Lundin said it had commenced drilling on the Fosen prospect on the Norwegian Continental Shelf.