THERE was some buzz in the oil and gas sector when Petroliam Nasional Bhd (Petronas) made two major gas discoveries at the Kuang North and Tukau Timur fields offshore Sarawak with estimated gas-in-place of about 4.4 trillion standard cu ft (tscf) net hydrocarbon.
Petronas says the Kuang North field, located in Block SK316, was drilled last month via two exploration wells Kuang North-1 and Kuang North-2. The Kuang North-2 well, which was drilled to a depth of 3,223m, penetrated 636m of gas column. Preliminary assessments indicated that gas-in-place for the Kuang North field is about 2.3 trillion standard cu ft (tscf) net hydrocarbon.