Malaysia's national oil company Petronas has made two shallow-water gas discoveries off the west coast of the Malaysian state of Sabah.
(Josh Lewis 28 July 2011 04:48 GMT)
It said the first discovery was made on the Samarang Asam Paya Block, about 130 kilometres south-west of Kota Kinabalu, in the Zuhal East-1 well.
The well was drilled in a water depth of 38 metres to a total depth of 2336 metres and Petronas said its current estimate of gas-initially-in-place was about 550 billion cubic feet.
It added the well intersected reservoirs similar to those encountered in a well about five kilometres to the east which flowed at a rate of 21 million cubic feet per day during testing.
Petronas is the sole equity holder in the Samarang Asam Paya Block production sharing contract.
The second discovery was made in the Menggatal-1 well in Block SB312, about 110 kilometres north-east of Kota Kinabalu.
The well was spudded in a water depth of 204 metres to a total depth of 2100 metres and flowed gas at a rate of 19 MMcfd during testing.
Petronas added it currently estimated gas-initially-in-place at the discovery to be about 650 Bcf.
Petronas holds a 60% stake in the Block SB312 PSC with Kuwait Foreign Petroleum Exploration Company holding the remaining 40% interest.
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