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.
“Light oil with minimal contaminants was also established after production testing was conducted for the well,” it said in a statement.
PETRONAS Carigali said it is the operator of the block with 100% participating interest in its production sharing contract.
“We are excited with this discovery and its impact to the future exploration effort in the surrounding areas,” it said.
Nahara-1 is a significant oil discovery by PETRONAS Carigali within the last decade.
It is a testament to the vast potential in Malaysia’s prolific basins which remain highly prospective.
“The discovery also reinforces PETRONAS Carigali’s current exploration strategy of renewing focus in its exploration efforts in Malaysia’s basins,” said Petroliam Nasional Bhd vice-president of exploration Mohd Redhani Abdul Rahman.
