New oil and gas discovery by Petronas

The discovery of significant oil and gas column – exceeding 100 metres within the Oligocene to Middle Miocene sandstone reservoirs – further validates the potential of the Balingian Province, with remaining prospects yet to be explored.

KUALA LUMPUR: Petroleum Nasional Bhd (Petronas) has made a new oil and gas discovery in the Sirung-1 wildcat exploration well of Block SK405B Production Sharing Contract (PSC), located in the shallow waters of the Balingian Province, off the coast of Miri, Sarawak.

The Sirung-1 exploration well was successfully drilled to a total depth of 2,538 metres in February 2021.