Petronas Makes Major O&G Discoveries Offshore Malaysia

Petronas has struck oil and gas in two wells, NC3 and Spaoh-1, offshore Sarawak. The NC3 wildcat well and a subsequent appraisal well in Block SK316 have an estimated 2.6 Tcf of net gas in place. The wells were drilled to a total depth of almost 13,123 feet (4,000 meters) below sea level. Production flow test results of the wells demonstrate that the field is technically producible, reported Petronas. The second discovery, Spaoh-1, located in Block SK306, was drilled to 9,843 feet (3,000 meters) and found around 100 million barrels of oil and .2 Tcf of gas in place. The well is currently being prepared for production testing. Petronas says it plans to drill more than 50 exploration wells offshore Malaysia over the next three years.

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