Petronas Reports Gas Finds in Malaysia, Indonesia and Australia

Petronas holds 42.85 percent equity in the Jabung Block. Overall, Petronas is present in seven blocks in Indonesia, where it operates three of the ventures. SKK Migas, the government authority managing the activities of Production Sharing contractors in Indonesia, has been supportive of the joint venture’s exploration efforts in the block.

Meanwhile in Australia, the Evans Shoal North-1 appraisal well in the Evans Shoal gas field in the Timor Sea has been successfully drilled to the target depth of 12,976 feet (3,955 meters). The field is located in the NT/P 48 exploration permit in the North Bonaparte Basin, which is about 186 miles (300 kilometers) northwest of Darwin.

A production test of the well, which is located in 364 feet (111 meters) water depth, flowed gas at a maximum facility constrained rate of 30 million standard cubic feet per day. The partners in the NT/P48 joint venture are Shell (operator; 32.5 percent), Eni (32.5 percent), Petronas (25 percent) and Osaka Gas (10 percent). The well is operated by Eni on behalf of the joint venture.

For Malaysia, the discovery in Block SK320 proves that there is still hydrocarbon potential in the Sarawak Basin. Petronas, together with its Production Sharing Contractors, is actively exploring in the basin through exploration drillings, both in the shallow and deep water areas, as well as acquiring new seismic, electromagnetic and gravity data to unlock the undiscovered potential of the areas.

Several oil and gas multinationals have been successful in their recent exploration drilling in Sarawak with several notable discoveries such as NC3/NC8, B14, Tukau Timur Deep, Kuang North and Kasawari. These exploration efforts have also opened up several new hydrocarbon play-types in the basin.

In Sumatra, the discovery of gas in the fractured granitic basement reservoir has opened up the hydrocarbon potential of the Pre-Tertiary basement play within the Jabung Block and the surrounding areas in Indonesia’s South Sumatra Basin.


12

View Full Article

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.

Most Popular Articles