Petronas strikes hyrdrocarbon in Malaysia and Indonesia

Petronas strikes hyrdrocarbon in Malaysia and Indonesia
Business & Markets 2013
Written by Zatil Husna of theedgemalaysia.com
Friday, 13 December 2013 14:42

KUALA LUMPUR (Dec 13): Petroliam Nasional Bhd (Petronas) has announced new hydrocarbon discoveries from its exploration activities in Malaysia and Indonesia.

The oil and gas firm discovered gas in Bintulu, Sarawak via Sintok-1 through its block operator, Mubadala Petroleum.

“Well data indicates Sintok-1 to have a gas column of 292 metres, and the operator is carrying out further evaluation to assess the volume of the discovery,” said Petronas in a statement.

The second discovery was in BukitTua, Indonesia. Petronas’ subsidiary, Petronas Carigali Ketapang Ltd has been drilling the Bukit Tua South-2 appraisal well at offshore East Java, Indonesia, discovered its total depth of 2,176 metres early last month.

“A drill-stem test (DST) carried out for the CD carbonate interval recorded a flow rate of 1,656 barrels of oil per day at two-inch choke size.

“Another DST will also be carried out for the shallower Kujung reservoir. Evaluation to determine the extent of the Bukit Tua South field is on-going,” the group said.

The national oil corporation holds 80% equity in the Ketapang PSC while its JV partner PT Saka Ketapang Perdana, a wholly-owned subsidiary of PT Saka Energi Indonesia, holds the remaining 20% interest.

Overall, Petronas is present in seven PSCs in Indonesia and is the operator for three of the ventures.