Monday, September 26, 2022

Petronas says development of gas find off Bintulu coast, Malaysia, can be expedited

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PETRONAS said Tuesday that Mubadala Petroleum struck gas from its Cengkih-1 exploration well in Block SK 320 in the central Luconia Province, about 220 kilometers off the coast of Bintulu, Sarawak, offshore Malaysia.

The well was successfully drilled to a total depth of 1,680 meters in August 2022, hitting a gas column of more than 110 meters in Miocene Cycle IV/V pinnacle carbonate reservoirs, firming up more gas resources within Block SK320.

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PETRONAS Senior Vice President of Malaysia Petroleum Management, Mohamed Firouz Asnan said, “We are thrilled by this latest discovery in Cengkih-1, building on the string of exploration successes in the Central Luconia region.”

The discovery, Asnan added, confirms the large potential of the proven carbonate play type in Central Luconia and that the monetisation of the discovery can be expedited given its proximity to many existing facilities. One of these, is Pegaga which started production in March of this year, he explained.

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“This latest success was enabled by the close partnership between PETRONAS and its petroleum arrangement contractors in expanding the resource base to meet the rising demand for gas in Sarawak, including the PETRONAS LNG complex in Bintulu,” he added.

Mubadala Development Company Oil and Gas Limited (Mubadala Petroleum) operates the block with a 55% participating interest in the Production Sharing Contract (PSC). PETRONAS Carigali Sdn Bhd holds 25% while Sarawak Shell Berhad holds the remaining 20%.

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