Petronas Strikes Oil Offshore Indonesia

Wednesday, February 24, 2021

Malaysian oil company Petronas said Wednesday it had made an oil discovery at the Hidayah-1 exploration well, located within the North Madura II Production Sharing Contract (PSC), offshore East Java,  Indonesia. 

Petronas' subsidiary PC North Madura II Ltd. is the operator with 100 percent participating interest in the North Madura II PSC.  

The company started drilling the Hidayah-1 exploration on January 7, 2021 and drilled to a depth of 2,739 meters.

"The well encountered an oil-bearing carbonate build-up with good reservoir qualities in the Ngimbang carbonate formation and tested at approximately 2,100 BOPD with good crude quality. The Hidayah-1 exploration well results will be further assessed to ascertain its potential," Petronas said.

Petronas Vice President of Exploration, Upstream, Emeliana Rice-Oxley said: “The discovery at the Hidayah-1 exploration well marks an important milestone for the North Madura II PSC as it has proven oil potential of carbonate build-up in the area. 

"This is an encouraging development and is a testament to the vast exploration potential in Indonesia. We look  forward to strengthening our relationship and collaboration with the  government towards delivering clean, safe, and reliable energy supply to  the Republic of Indonesia.”  

In Indonesia, Petronas is also the operator for the Bukit Tua oil and gas field offshore East  Java and is a joint venture partner in six other PSCs located both onshore and offshore Sumatera, Natuna Sea, East Java as well as  Kalimantan.  


  


Categories: Energy Industry News Activity Asia Discoveries

Related Stories

Energy Drilling’s EDrill-2 Rig Starts Ops for PTTEP in Gulf of Thailand

RINA Wins FEED Contract for Petronas’ Flagship CCS Project in Malaysia

ABL Secures Rig Moving Assignment with India's ONGC

Pakistan, Türkiye Deepen Oil and Gas Ties with Offshore Indus-C Block Deal

Eni-Petronas Gas Joint Venture Up for Launch in 2026

SBM Offshore Starts Construction of FSO for Trion Oil Field off Mexico

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Petronas to Leverage AI to Expedite Oil and Gas Exploration Activities

Chinese Contractor Secures Offshore Oil and Gas ‘Mega Deal’ from QatarEnergy

DOF Secures Moorings Hook-Up Job in Asia Pacific

Current News

Sponsored: UAE Breaks Ground on World First Gigascale Renewable Energy Project

Pertamina Joins Petronas in Ultra-Deepwater Asset off Indonesia

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Southeast Asia’s 2GW Cross-Border Offshore Wind Scheme Targets 2034 Buildout

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

Viridien to Shed More Light on Malaysia’s Offshore Oil and Gas Potential

US Pressure on India Could Propel Russia's Shadow Oil Exports

Energy Drilling’s EDrill-2 Rig Starts Ops for PTTEP in Gulf of Thailand

RINA Wins FEED Contract for Petronas’ Flagship CCS Project in Malaysia

ABL Secures Rig Moving Assignment with India's ONGC

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com