Petronas Subsidiary Makes Oil, Gas Discovery Offshore Gabon
Petronas’ subsidiary, PC Gabon Upstream S.A. (PCGUSA), announced Monday a new oil and gas discovery from the Boudji-1 exploration well in Block F14, located in South Gabon.
The ultra-deepwater exploration well, drilled in water depths of 9,186 feet, encountered 295 feet of gross ‘high quality’ hydrocarbon-bearing pre-salt sands, according to the company.
Following the discovery, Petronas, together with the ministry of petroleum and hydrocarbons in Gabon, is planning conduct an assessment to further determine the commerciality of the resource volume.
“The discovery in Gabon is an encouraging development for Petronas, as we continue to pursue growth activities beyond Malaysia, in line with the strategy to expand our core oil and gas business by growing our resource base,” Petronas executive vice president and upstream CEO, Datuk Mohd Anuar Taib, said in a company statement.
“Aside from boosting Gabon’s oil and gas industry, this discovery will also spur further growth activities in the region and complements our achievements towards building a significant deepwater portfolio globally,” he added.
PCGUSA is the operator for Block F14, with Australia’s Woodside holding a 30 percent participating interest.
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