Santos acquires interest in block offshore Malaysia

Santos Ltd. has acquired 20% interest in a deepwater permit offshore Sabah, Malaysia. The company will take 10% from each of Japan’s Inpex and operator JX Nippon Oil & Gas Exploration for Block R.

The block, which covers 673 sq km and lies in 100-1,400 m of water, is close to Murphy Oil’s existing Kikeh oil field and Shell’s Gumusut-Kakap oil field.

Three wildcat wells are planned for the permit early this year.

JX Nippon and Inpex now have 27.5% each, with Petronas 25% and Santos 20%.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...