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MENAFN - Khaleej Times - 24/06/2014
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(MENAFN - Khaleej Times) Mubadala petroleum has hit a natural gas find in offshore malaysia.

the company said on monday that it carried out drilling and testing on four different off-shore locations in a close proximity. it said that testing of appraisal drilling has confirmed “the pegaga discovery in block sk320 offshore malaysia as a substantial gas find with significant commercial potential”.

a third discovery sirih-1 has also been confirmed from the 2013-14 exploration drilling programme that has targeted a series of carbonate pinnacles within block sk320.this adds to thepegaga-1 and sintok-1 discoveries announced previously and the existing m5 discovery which mubadala petroleum successfully appraised in 2012.

maurizio la noce chief executive of mubadala petroleum said: “validating the objectives of our exploration programme and the quality of our organisation we are excited to confirm four gas discoveries in close proximity including the original m-5 well success all within the mubadala petroleum-operated block sk320.”

the pegaga-2 appraisal well was drilled to a total depth of 2685 metres and confirmed an 850-metre gas column. testing of the main gas-bearing zones produced flow rates of 30-50 million cubic feet per day of good quality gas with condensate. pegaga lies in 109 metres of water.

the sirih-1 well adjacent to the sintok discovery was drilled to a total depth of 3000 metres into the main target reservoir and penetrated a 293 metres gas column. sirih-1 was plugged and abandoned as planned.

la noce said together these discoveries represent a very significant hydrocarbon resource with the potential for a commercially attractive integrated development. “we are building up our team and will be working closely with our partners petronas carigali and shell to evaluate all the options for commercialising the resources in the block in due course” he said.

sintok-1 well was drilled to a total depth of 2775 metres into the main target reservoir and also penetrated a 290 metres gas column.

— haseebkhaleejtimes.com


Khaleej Times

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