Petronas Makes Discovery in Caspian Sea

Petronas Carigali makes discovery in the Turkmenistan sector of the Caspian Sea with the East Livanov-2A well. The well flowed at a test rate of 19.03 million cubic feet per day of natural gas and approximately 14,198 barrels per day of oil. The well is located in Block 1 and was drilled by the jackup, Iran Khazar. This is the third well drilled in the East Livanov area.

Petronas operates Block 1 according to a production sharing contract with Turkmenoil, the Turkmenistan national oil company and holds 100% interest in the block.