Petronas discovers gas in offshore Sabah

Malaysia’s state oil firm Petronas today said it has made two significant gas discoveries in the shallow water areas off the west coast of Sabah state on Borneo island.

The company said its first discovery was at the Zuhal East-1 well, located in the Samarang Asam Paya Block southwest of Kota Kinabalu, the state capital of Sabah.


“The current estimate of gas-initially-in-place is about 550 billion standard cubic feet (bscf),” the company said.

Petronas Carigali, the exploration and production arm of Petronas, is the sole equity holder of the production sharing contract of the Samarang Asam Paya block.


The second discovery, at the Menggatal-1 well, is located in Block SB312, near Kota Kinabalu. The company estimates the gas-initially-in-place of about 650 bscf.

The Block SB312 PSC is a joint-venture between Petronas Carigali with 60 percent equity and KUFPEC Malaysia (SB 312) Ltd, a unit of Kuwait Foreign Petroleum Exploration Co(KUFPEC), which holds the remaining interest. - Bernama

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