Malaysia Petroleum Management
Kuala Lumpur, 19 May 2021 – PETRONAS today announced a gas discovery in the Kulintang-1 wildcat exploration well of Block SK438, located in the shallow waters of Balingian Province about 230 kilometres off the coast of Miri, Sarawak, Malaysia.
The Kulintang-1 well was successfully drilled to a total depth of 2,238 metres in April 2021. The well encountered gas in the Oligocene to Middle Miocene sandstone reservoirs, which has not been fully evaluated before.
PTTEP HK Offshore Limited is the operator for Block SK438 with 80 per cent participating interest, while PETRONAS Carigali Sdn Bhd holds the remaining 20 per cent. The block’s production sharing contract (PSC) was awarded in March 2018 following the Malaysia Bid Round (MBR) 2017.
PETRONAS Senior Vice President of Malaysia Petroleum Management, Mohamed Firouz Asnan said: “The success of Kulintang-1 well marks the second gas discovery within the Balingian Province this year. This encouraging result proves further potential of sweet gas in the province, especially in the deeper Oligocene play.
“The Kulintang sweet gas discovery can be monetised through existing infrastructure towards fulfilling the demand of the domestic gas customers as well as PETRONAS LNG Complex in Bintulu, Sarawak,” he added.
In March this year, PETRONAS announced a new oil and gas discovery in the Sirung-1 wildcat exploration well in Block SK405B, also in the Balingian Province.
In the ongoing MBR 2021, PETRONAS is offering opportunities in 13 new offshore exploration blocks in Malaysia’s prolific basins, including a few blocks within Balingian. MBR 2021 also offers enhanced fiscal and non-fiscal terms as part of PETRONAS’ continuous efforts to grow with its partners in Malaysia.
For more information on investment opportunities in Malaysia, please visit https://www.petronas.com/mpm/
Issued by:Media Engagement Department
Group Strategic Communications
PETRONAS
