Petroliam Nasional Bhd (Petronas) has found gas reserves in two of its upstream ventures in Malaysia and Indonesia. The first discovery is via the Sintok-1 well in the offshore Block SK320, about 240km northwest of Bintulu, Sarawak, which is operated by Mubadala Petroleum. Petronas' unit Petronas Carigali Sdn Bhd ha
Petroliam Nasional Bhd (Petronas) has found gas reserves in two of its upstream ventures in Malaysia and Indonesia.
The first discovery is via the Sintok-1 well in the offshore Block SK320, about 240km northwest of Bintulu, Sarawak, which is operated by Mubadala Petroleum. Petronas' unit Petronas Carigali Sdn Bhd has a 25% interest in the block.
"Mubadala Petroleum is carrying out further evaluation to assess the volume of the discovery," said Petronas.
Meanwhile, Petronas Carigali Ketapang Ltd, the operator for the Ketapang PSC offshore East Java in Indonesia, is drilling the Bukit Tua South-2 appraisal well to assess the Bukit Tua South-1 oil discovery made in 2012.
The oil major said the success of the Bukit Tua South-2 appraisal well will contribute additional oil resources to the Ketapang PSC for further development opportunities.
The production from the Bukit Tua oil field is expected to commence by the end of 2014.
Petronas holds an 80% equity in the Ketapang PSC, while its joint venture partner PT Saka Ketapang Perdana of Indonesia owns the rest.