PETRONAS ANNOUNCES NEW GAS DISCOVERY IN CENTRAL LUCONIA PROVINCE, OFF BINTULU
KUALA LUMPUR, Sept 23 (Bernama) -- Petroliam Nasional Bhd (Petronas) has made a gas discovery in its Cengkih-1 exploration well in Block SK 320, Central Luconia province, about 220 kilometres off the coast of Bintulu, Sarawak.
In a statement recently, the state-owned oil and gas giant said the Cengkih-1 exploration well was successfully drilled to a total depth of 1,680 metres in August 2022, hitting more than 110 metres of gas column in Miocene Cycle IV/V pinnacle carbonate reservoirs, firming up more gas resources within the block.
Petronas’ Malaysia petroleum management senior vice-president, Mohamed Firouz Asnan said the discovery confirmed the large potential of the proven carbonate play type in Central Luconia.
“The monetisation 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," he said.
Petronas Carigali Sdn Bhd holds a 25 per cent stake in the production sharing contract in Block SK 320, operated by Mubadala Development Company Oil and Gas Ltd which holds a 55 per cent participating interest, while Sarawak Shell Bhd holds the remaining 20 per cent stake.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
