Petronas makes new gas discovery off Sarawak

  • Business
  • Wednesday, 22 Mar 2006

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has made a new gas discovery in waters off eastern Sarawak. 

“The well, drilled by Petronas in its efforts to discover more gas reserves, encountered a single gas column of 630 metres, which is a new record for Sarawak,” it said in a statement. Other gas fields near the discovery were F38, F2 Attic, B12 and the gas-producing field of B11, Petronas said. 

Petronas produces liquefied natural gas from three plants in Bintulu, Sarawak, with the bulk of production committed under long-term contracts with South Korea and Japan. The PC41 exploration well was drilled about 108 km (67 miles) northwest of Miri, Sarawak, in 73 metres of water and reached 3,273 metres below sea level, Petronas said. The well had been spudded in January.  

Meanwhile, in Jakarta, Petronas CEO Tan Sri Datuk Mohd Hassan said the national oil corporation was keen on building an oil refinery in Indonesia following its recent entry into Indonesia's oil and gas downstream business. 

He said the company was looking at opportunities to invest in oil refining and the petrochemical sector. Petronas marked its entry into the downstream business earlier this month with the opening of its first retail outlet for fuel products and services in Indonesia. 

It will focus its retail business on the greater Jakarta regions before expanding into other parts of Java, Sumatra, Kalimantan and eastern Indonesia. – Agencies 

 PETDAG :  [Stock Watch]  [NewsPETGAS :  [Stock Watch]  [News]

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