PETRONAS scores natural gas in two exploration wells off Sabah

Offshore staff

KUALA LUMPUR, Malaysia – PETRONAS Carigali Sdn Bhd reports two natural gas discoveries in shallow water off western Sabah.

The Zuhal East-1 discovery is in the Samarang Asam Paya block about 130 km (81 mi) southwest of Kota Kinabalu in water depth of 38 m (125 ft) and reached a total depth of 2,336 m (7,664 ft). The current estimate of gas-initially-in-place is about 550 bcf. PETRONAS Carigali is the sole equity holder in the block.

The second discovery, the Menggatal-1 well, is in block SB312, about 110 km (68 mi) northeast of Kota Kinabalu. The well is in water depth of 204 m (787 ft) and reached a total depth of 2,100 m (6,890 ft). It was production-tested and flowed gas at a rate of 19 MMcf/d through a 36/64-in choke with no recorded CO2 or H2S content. Gas-initially-in-place is currently estimated to be about 650 bcf.

Block SB312 PSC is a joint-venture between PETRONAS Carigali with 60% equity and KUFPEC Malaysia (SB 312) Ltd, a subsidiary of Kuwait Foreign Petroleum Exploration Co. (KUFPEC).

Further appraisals are being planned in the near future to delineate the extent of these discoveries.

08/25/2011



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