PTTEP confirms largest-ever gas well discovery offshore Malaysia

PTTEP confirms largest-ever gas well discovery offshore Malaysia

Thailand’s PTT Exploration and Production (PTTEP) has registered a new record for its largest gas discovery with the successful completion of the Lang Lebah-2 appraisal well in the Sarawak SK 410B Project, located approximately 90 kilometers offshore Sarawak, Malaysia.

According to Phongsthorn Thavisin, PTTEP CEO, Lang Lebah-2 was drilled to a total depth of 4,320 meters with proven over 600 meters of net gas pay, indicating a larger reservoir than the initial estimate. The well test shows a flow rate of 50 million cubic feet of gas per day (MMSCFD), which is expected to accelerate the development plan for the project.

“We are delighted to confirm the largest-ever gas discovery by PTTEP. The experience and expertise from our operations in the Gulf of Thailand and overseas have contributed to this achievement. The Lang Lebah [2] gas discovery strengthens PTTEP’s investment base in Malaysia and demonstrates that our ‘Execute strategy’ has translated into reserves increase for the company’s long-term growth,” said the PTTEP CEO.

The appraisal well Lang Lebah-2 was completed in mid-January 2021.

PTTEP’s wholly-owned subsidiary PTTEP HK Offshore Limited (Malaysia Branch) or PTTEP HKO, is the operator of the project with 42.5% participating interest while KUFPEC Malaysia (KUFPEC) and PETRONAS Carigali (PCSB) hold 42.5% and 15% participating interests respectively.

PTTEP also jointly invests with PTT in the MLNG Train 9 Project, an LNG liquefaction plant, through PTT Global LNG Company.