Amerada Hess Announces Discovery offshore Malaysia

Amerada Hess has announced an oil and gas discovery with its second exploration well in Malaysia. The Cendor-1 well, located in Block PM304 and approximately 155km offshore Peninsular Malaysia, was drilled in 63 metres of water and encountered hydrocarbons at multiple levels.

Preliminary evaluation of the well results indicates a potentially commercial oil accumulation but further appraisal is required to confirm commercial viability.

The well was drilled by Tranocean Sedco Forex's Trident 16 to a total depth of 1,790 metres total vertical depth and tested at a maximum recorded rate of 2,840 barrels of oil per day of 42 degree API crude with a gas oil ratio of 250 scf/stb, from a single zone. In addition to this test, one other selected zone flowed gas at a stabilised rate in excess of 5 million cubic feet of natural gas per day.