Thailand’s largest oil and gas firm, PTT Exploration and Production Pcl on Feb. 10 said it made its biggest gas find yet in a project offshore Malaysia.
“We are delighted to confirm the largest-ever gas discovery by PTTEP,” CEO Phongsthorn Thavisin said, adding that the discovery strengthened the company’s investment base in Malaysia.
The discovery is based on the appraisal of Lang Lebah-2 in the Sarawak SK 410B project, about 90 km (55.92 miles) offshore of the Malaysian state of Sarawak.
The announcement comes after the PTTEP acquired a 20% stake in Oman’s Block 61 form British oil major BP Plc for $2.6 billion this month.
The appraisal drilled to a total depth of 4,320 m with proven over 600 m of net gas pay, PTTEP said, adding the well test showed a flow rate of 50 million cubic feet of gas per day.
A PTTEP subsidiary operates the project, holding a 42.5% stake along with Kuwait’s KUFPEC and Petronas Carigali Sdn Bhd, holding 42.5% and 15%, respectively.
Recommended Reading
Seatrium Awarded Contract for FPSO Bound for Guyana’s Stabroek
2024-05-17 - The topsides fabrication and integration contract will be for the FPSO Jaguar, bound for the Whiptail Field in the Stabroek block offshore Guyana for Exxon Mobil.
Third Suriname Find for Petronas, Exxon Could Support 100,000 bbl/d FPSO
2024-05-17 - A recent find offshore Suriname in Block 52 by Petronas and Exxon Mobil could support a 100,000 bbl/d FPSO development, according to Wood Mackenzie.
US Drillers Add Oil, Gas Rigs for First Time in Four Weeks: Baker Hughes
2024-05-17 - The oil and gas rig count rose by one to 604 in the week to May 17.
BPX Looks to Ramp US Production Over 60% by 2030
2024-05-16 - BPX Energy is looking to boost its U.S. production over 60% by 2030 as it considers bringing online a fourth processing facility in the Permian by mid-year 2025, Clark Edwards, the company’s vice president of development, said during SUPER DUG in Fort Worth.
Empire Petroleum’s Williston Drilling Program Identifies New Zones
2024-05-16 - Empire Petroleum provided updates on its Williston Basin development drilling program in its first quarter 2024 earnings results.