KUCHING, May 19: National oil corporation Petronas today announced a gas discovery in the Kulintang-1 wildcat exploration well of Block SK438, located in the shallow waters of Balingian Province about 230km off the coast of Miri.
Petroliam Nasional Berhad (Petronas) in a press statement said the Kulintang-1 well was successfully drilled to a total depth of 2,238 metres in April 2021.
It also revealed the well encountered gas in the Oligocene to Middle Miocene sandstone reservoirs, which has not been fully evaluated before.
Meanwhile, Petronas’s senior vice-president of Malaysia Petroleum Management, Mohamed Firouz Asnan said: “The success of Kulintang-1 well marks the second gas discovery within the Balingian Province this year.
“This encouraging result proves further potential of sweet gas in the province, especially in the deeper Oligocene play.
“The Kulintang sweet gas discovery can be monetised through existing infrastructure towards fulfilling the demand of the domestic gas customers as well as Petronas LNG Complex in Bintulu, Sarawak,” he added.
In the meantime, PTTEP HK Offshore Ltd is the operator for Block SK438 with 80 per cent participating interest, while Petronas Carigali Sdn Bhd holds the remaining 20 per cent.
Petronas added the block’s production sharing contract (PSC) was awarded in March 2018 following the Malaysia Bid Round (MBR) in 2017.
Earlier in March, Petronas announced an oil and gas discovery in the Sirung-1 wildcat exploration well in Block SK405B, also in the Balingian Province.
In the ongoing MBR 2021, Petronas said it is offering opportunities in 13 new offshore exploration blocks in Malaysia’s prolific basins, including a few blocks within Balingian.
MBR 2021 also offers enhanced fiscal and non-fiscal terms as part of Petronas’ continuous efforts to grow with its partners in Malaysia. — DayakDaily