Santos makes deepwater Malaysia oil discovery

Offshore staff

MELBOURNE, Australia – Santos Ltd. has discovered oil in a deepwater wildcat offshore Sabah, east Malaysia. Further drilling is in planning, reported Reuters.

Santos said the Bestari-1 exploration well hit 67 m (220 ft) of high quality oil in depths ranging from 1,860 m (6,102 ft) to 2,702 m (8,9865 ft) below the sea.

Deepwater block R, where the Bestari-1 well was drilled, is close to other oil discoveries, including the Kikeh oil field.

Partners in the block are operator JX Nippon Oil and Energy Corp., Japan's Inpex Corp., Malaysian state oil firm Petronas, and Santos.

03/25/2015

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