Thailand’s largest oil and gas firm, PTT Exploration and Production Pcl on Feb. 10 said it made its biggest gas find yet in a project offshore Malaysia.
“We are delighted to confirm the largest-ever gas discovery by PTTEP,” CEO Phongsthorn Thavisin said, adding that the discovery strengthened the company’s investment base in Malaysia.
The discovery is based on the appraisal of Lang Lebah-2 in the Sarawak SK 410B project, about 90 km (55.92 miles) offshore of the Malaysian state of Sarawak.
The announcement comes after the PTTEP acquired a 20% stake in Oman’s Block 61 form British oil major BP Plc for $2.6 billion this month.
The appraisal drilled to a total depth of 4,320 m with proven over 600 m of net gas pay, PTTEP said, adding the well test showed a flow rate of 50 million cubic feet of gas per day.
A PTTEP subsidiary operates the project, holding a 42.5% stake along with Kuwait’s KUFPEC and Petronas Carigali Sdn Bhd, holding 42.5% and 15%, respectively.
Recommended Reading
Fugro’s Remote Capabilities Usher In New Age of Efficiency, Safety
2024-11-19 - Fugro’s remote operations center allows operators to accomplish the same tasks they’ve done on vessels while being on land.
Range Resources Counters M&A Peer Pressure with Drilling Efficiencies
2024-11-14 - Range Resources doesn’t feel the need to give into M&A peer pressure as it focuses on the efficient development of its current asset base, President and CEO Dennis Degner tells Hart Energy.
EnerMech Secures Contract with Major North Sea Operator
2024-11-13 - EnerMech will monitor the condition of the U.K. assets in accordance with safety and operational standards.
2024 E&P Meritorious Engineering Awards for Innovation
2024-11-12 - Hart Energy’s MEA program highlights new products and technologies demonstrating innovations in concept, design and application.
New Texas 30-MW Data Center Begins Construction
2024-11-11 - Dataprana’s 30-megawatt data center in La Marque, Texas will help satiate the growing demand for cloud services, Web3 applications and digital asset mining.