PETRONAS discovers oil off Sarawak

PETRONAS Carigali says it is the operator of the block with 100% participating interest in its production sharing contract. — Reuters

KUALA LUMPUR: PETRONAS Carigali Sdn Bhd has discovered oil and gas as well as the Nahara-1 well in block SK306 in the shallow water of Balingian province about 150km from Bintulu, off the coast of Sarawak.

“The Nahara-1 well was successfully drilled to a total depth of 2,468m and encountered hydrocarbon in the Late Oligocene to Middle Miocene aged sedimentary sequences.