Oil & Gas

Petronas strikes oil and gas off Sarawak

Malaysia’s Petronas Carigali has discovered oil and gas at the Nahara-1 well in Block SK306, located in the shallow waters of Balingian Province about 150 kilometres from Bintulu, off the coast of Sarawak, offshore Malaysia.

Bintulu is home to the Petronas-led Malaysia liquefied natural gas (LNG) export complex.

“The Nahara-1 well was successfully drilled to a total depth of 2,468 metres and encountered hydrocarbon in the Late Oligocene to Middle Miocene aged sedimentary sequences. Light oil with minimal contaminants was also established after production testing was conducted for the well,” Petronas said Wednesday.
Petronas Carigali (PCSB) is the operator of the block, with 100% participating interest in its Production Sharing Contract (PSC).

Petronas Vice President of Exploration, Mohd Redhani Abdul Rahman said, “We are excited with this discovery and its impact to the future exploration effort in the surrounding areas. Nahara-1 is a significant oil discovery by PCSB within the last decade. It is a testament to the vast potential in Malaysia’s prolific basins which remain highly prospective.”

“The discovery also reinforces PCSB’s current exploration strategy of renewing focus in its exploration efforts in Malaysia’s basins,” he added.
Sathes Kumar, Reservoir Geophysicist at Petronas, said on Linkedin that “this is indeed a new play opener which will impact future exploration efforts in the vicinity.”

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