Petronas Discovers over 4 Tcf of New Gas Reserves Offshore Sarawak
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.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 12 Offshore Rigs
- Petronas Unit Agrees Share Swap With Shell's Africa Operator (Dec 05)
- Malaysia's Petronas Asked To Exit Myanmar In Protest Of Rohingya Crisis (Nov 08)
- JERA's New LNG Contract With Petronas Foretells Smaller, Shorter Deals (Oct 25)