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Mubadala confirms major commercial gas find offshore Malaysia

24th June 2014

Mubadala Petroleum has announced that appraisal drilling and testing has confirmed the Pegaga discovery in Block SK320 offshore Malaysia as a substantial gas find with significant commercial potential

Mubadala confirms major commercial gas find offshore Malaysia
Testing of the main gas-bearing zones produced flow rates of 30-50 million cubic feet per day of good quality gas with condensate

A third discovery, Sirih-1, has also been confirmed from the 2013/14 exploration drilling programme that has targeted a series of carbonate pinnacles within Block SK320.  This adds to the Pegaga-1 and Sintok-1 discoveries announced previously, and the existing M5 discovery that Mubadala Petroleum successful appraised in 2012.

The Pegaga-2 appraisal well was drilled to a total depth of 2,685 metres and confirmed an 850-metre gas column. Testing of the main gas-bearing zones produced flow rates of 30-50 million cubic feet per day of good quality gas with condensate. Pegaga lies in 109 metres of water.

The Sirih-1 well, adjacent to the Sintok discovery, was drilled to a total depth of 3,000 metres into the main target reservoir and penetrated a 293-metre gas column. Sirih-1 was plugged and abandoned as planned.

“Validating the objectives of our exploration program and the quality of our organization, we are excited to confirm four gas discoveries in close proximity, including the original M-5 well success, all within the Mubadala Petroleum operated block SK320,” said Maurizio La Noce, CEO of Mubadala Petroleum. “Together these discoveries represent a very significant hydrocarbon resource, with the potential for a commercially attractive, integrated development. We are building up our team and will be working closely with our partners, Petronas Carigali and Shell, to evaluate all the options for commercializing the resources in the block in due course.”

Sintok-1 well was drilled to a total depth of 2,775 metres into the main target reservoir and also penetrated a 290-metre gas column.

Mubadala Petroleum was appointed operator of Block SK320 on award in 2010.

 

Partners are:

Mubadala Petroleum 55 per cent (Operator)

PETRONAS Carigali 25 per cent

Sarawak Shell Berhad 20 per cent

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