Petronas Discovers over 4 Tcf of New Gas Reserves Offshore Sarawak
by Quintella Koh
|Tuesday, November 27, 2012
Malaysia is one step closer to strengthening its position as Asia's liquefied natural gas powerhouse with the discovery of two major gas reserves offshore Sarawak.
State-backed Petronas said in an emailed statement to Rigzone Monday that it has made two major gas discoveries, which combined could contain over 4 trillion cubic feet (tcf) of natural gas reserves, at the Kuang North and Tukau Timar fields.
The Kuang North field – located in Block SK316 – was drilled by Petronas in October 2012 via two exploration wells, Kuang North-1 and Kuang North-2. The latter, drilled to a total depth of 10,574 feet (3,223 meters), penetrated 2,087 feet (636 meters) of gas column. Preliminary estimates indicated gas-in-place for the Kuang North field to be around 2.3 tcf.
The Tukau Timur field – sited on Block SK307 – was drilled by Petronas this year via the Tukau Timur Deep-1 well. The well, drilled to a depth of 15,847 feet (4,830 meters), discovered 12 gas bearing reservoirs with total net gas sand of 600 feet (183 meters). Preliminary estimates indicated gas-in-place for the Tukau Timur field to be around 2.1 tcf.
Malaysia's Prime Minister Najib Razak said in a public address in September this year that he aims to establish the country as Asia's LNG trading hub by 2020 with the establishment of a $1.3 billion LNG terminal in the Pengerang Integrated Petroleum Complex.
Petronas stated earlier in a published presentation in June that it aims to increase gas production offshore Sarawak to ensure that its LNG supplies to its customers in Japan, South Korea and China remains consistent.
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