Mubadala Energy Makes Gas Discovery Offshore Sarawak, Malaysia

Tuesday, September 20, 2022

Mubadala Energy on Tuesday confirmed the discovery of a good-quality gas reservoir penetrated by the Cengkih-1 exploration well in Block SK320, off the coast of Sarawak province, offshore Malaysia. 

Preliminary analysis shows a significant gas column of more than 110 meters within the pinnacle carbonate reef reservoir.

The Cengkih-1 exploration well is located nearby the Pegaga field, one of the fields within the SK320 Block, which recently marked the successful production of commercial gas. 

The Pegaga field recorded the discovery of 1 Trillion Cubic Feet of additional gas initial in place, following the post-drill results which confirmed a larger and better quality reservoir.

Mubadala Energy is the Operator of Block SK320, with 55% participating interest in the Production Sharing Contract. The remaining 45% is held by PETRONAS Carigali Sdn Bhd and Sarawak Shell Berhad. Since entering Malaysia in 2010, Mubadala Energy has made six gas discoveries.

PETRONAS Senior Vice President of Malaysia Petroleum Management, Mohamed Firouz Asnan said, “We are thrilled by this latest discovery in Cengkih-1, building on the string of exploration successes in the Central Luconia region.

“The discovery confirms the large potential of this proven carbonate play type in Central Luconia. The monetization of this discovery can be expedited with a lower cost given the proximity to the many existing facilities, including that of Pegaga, which started production in March this year.”

“This latest success was enabled by the close partnership between PETRONAS and its petroleum arrangement contractors in expanding the resource base to meet the rising demand for gas in Sarawak, including the PETRONAS LNG complex in Bintulu,” he added.


Categories: Drilling Industry News Activity Asia Discoveries

Related Stories

Oil Hikes 7% after Trump Says US-Israel will Keep Striking Iran

INPEX Extends Pertamina LNG Pact, Signs Upstream MoU in Southeast Asia

PV Drilling Names New ‘Super Rig’ ahead of April Operations

Eni Exits Consortium for Oil and Gas Exploration Offshore Israel

Strohm to Supply Insulated TCP Jumpers for Malaysia’s Offshore Project

ADES Expects Up to 44% Earnings Rise Despite Regional Tensions Impacting Rigs

Sunda Energy Secures Environmental License for Drilling Ops off Timor-Leste

Valeura Lifts Output with Three Producing Wells at Thailand’s Manora Field

Velesto Inks Five-Year Drilling Deal for Jack-Up Rig with Petronas

Dolphin Drilling, Vantris Ink Marketing Deal for Blackford Dolphin Semi-Sub

Current News

Oman’s Block 50 Offshore Drilling Ops Pushed to May

India Resumes Iranian Oil Imports After Seven-Year Hiatus

Oil Holds Steady as Supply Risks from War Persist

OceanAlpha Shares USV Offerings at Oi26

Oil Hikes 7% after Trump Says US-Israel will Keep Striking Iran

Iran Assures Safe Hormuz Transit for Philippine Vessels

EnQuest Enters Malaysia with Cendramas Production Sharing Deal

Bahrain Push for Hormuz Shipping Resolution Hits Hurdles at UN

Energean Warns Prolonged Conflict May Delay $1B Gas Project

Iran War Reshapes Global LNG Trade

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