New oil and gas find for PTTEP in Malaysia

New oil and gas find for PTTEP in Malaysia

PTT Exploration and Production Public Company Limited (PTTEP) has had a successful oil and gas discovery from the first exploration well, Sirung-1, in Block SK405B, off the coast of Sarawak, offshore Malaysia.

Phongsthorn Thavisin, PTTEP CEO disclosed that PTTEP, through its subsidiary PTTEP Sarawak Oil Limited, started the drilling of Sirung-1 wildcat well in Block SK405B in January 2021. The well was drilled to a total depth of 2,538 m where it encountered a significant oil and gas column of more than 100 m, in the clastic reservoirs. An appraisal well is scheduled in near future to assess the upside resources.

Block SK 405B, operated by PTTEP Sarawak Oil Limited  is located in the shallow waters, approximately 137 km off the coast of Sarawak.

Read: Murphy Oil sells Malaysian firms to Thailand’s PTT for US$2.1 bn

Apart from the Sarawak SK405B, other blocks are in the exploration stage, including SK410B, SK314A, SK438, SK417, PM407 and PM415. Meanwhile, PTTEP’s Malaysian portfolio includes the producing assets in Block K, SK309, SK311, the Rotan-Buloh field in Block H, and the jointly operated gas fields with Petronas Carigali in the Malaysia–Thailand Joint Development Area. PTTEP is also a joint investor with PTT, through the PTT Global LNG Company, in the MLNG Train 9 Project, an LNG liquefaction plant in Sarawak.

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