The Block SK405B is located in the shallow waters of Balingian Province. Credit: PTT Exploration and Production Plc. <\/p>\n
Thailands PTT Exploration & Production (PTTEP) and its partners have made new oil and gas discovery in the Sirung-1 wildcat exploration well offshore Malaysia.<\/p>\n
The exploration well is situated in Block SK405B production sharing contract (PSC), located in the shallow waters of Balingian Province, approximately 237km off the coast of Miri, Sarawak.<\/p>\n
Drilled to a total depth of 2,538m, the Sirung-1 exploration well encountered significant oil and gas column, exceeding 100m within the Oligocene to Middle Miocene sandstone reservoirs.<\/p>\n
The partners plan for an appraisal well in near future to assess the upside resources.<\/p>\n
PTTEP CEO Phongsthorn Thavisin said: The Sirung-1 exploration well marks PTTEPs third discovery offshore Malaysia following SK410Bs Lang Lebah and SK417s Dokong. PTTEP also plans to explore nearby prospects in this PSC next year.<\/p>\n
The achievements have strengthened our investment base as we continue to expand our exploration horizon in Malaysia.<\/p>\n
PTTEP Sarawak Oil operates the Block SK405B with 59.5% interest while MOECO Oil (Sarawak) and Petronas Carigali hold 25.5% and 15% stake respectively.<\/p>\n
Petronas exploration, upstream vice president Emeliana Rice-Oxley said: The Sirung-1 discovery further proves the presence of oil, especially in the under-explored deeper play within the Balingian Province.<\/p>\n
This came after similar success in an infill well at D18 Field. We are well-positioned to pursue a similar play in the other two neighbouring blocks in the same province, namely Blocks SK411 and SK306.<\/p>\n
In February, PTTEP reported its largest-ever oil discovery in the Sarawak SK 410B Project following the drilling of the Lang Lebah-2 appraisal well.<\/p>\n
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Offshore Communication Networks <\/p>\n
28 Aug 2020<\/p>\n
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Continued here: <\/p>\n
PTTEP and partners make oil and gas discovery offshore Malaysia - Offshore Technology<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The Block SK405B is located in the shallow waters of Balingian Province. Credit: PTT Exploration and Production Plc. Thailands PTT Exploration & Production (PTTEP) and its partners have made new oil and gas discovery in the Sirung-1 wildcat exploration well offshore Malaysia Continue reading