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    Petronas announces gas find off Malaysia

Summary

Thai state-run PTTEP operates Block SK417 with a 80% interest.

by: Shardul Sharma

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Complimentary, NGW News Alert, Natural Gas & LNG News, Asia/Oceania, Security of Supply, Corporate, Exploration & Production, News By Country, Malaysia

Petronas announces gas find off Malaysia

State-run Petronas on November 30 announced a gas discovery from its Nangka-1 wildcat exploration well in Block SK417 offshore Malaysia.

The Nangka-1 well was drilled to a depth of 3,758 m in September 2021. “The sweet gas was discovered in the Middle to Late Miocene Cycle VI clastic reservoirs, further validating the hydrocarbon potential in the surrounding areas,” the company said.

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S&P 2023

Thai state-run PTTEP operates Block SK417 with a 80% interest, while Petronas holds the remaining 20%. The block was awarded in March 2018 following the Malaysia Bid Round 2017.

In February this year, Petronas announced a new gas discovery in the Dokong-1 wildcat exploration well in the same block, in the Baram province.