BANGKOK: Thailand’s national upstream company PTT Exploration and Production Public Company Limited (PTTEP) through its subsidiary PTTEP Sarawak Oil Limited has made another oil and gas discovery in Block SK405B, offshore Malaysia, through the drilling of the Sirung-1 exploration well.
The Sirung-1 exploration well began drilling in January 2021 and undertaken a total depth of 2,538m. The wildcat well intersected a significant oil and gas column of over 100 meters in the clastic reservoirs.
“The Sirung-1 exploration well marks PTTEP’s third offshore discovery in Malaysia, following SK410B’s Lang Lebah and SK417’s Dokong. PTTEP also plans to explore nearby prospects in this PSC next year. The achievements have strengthened our investment base as we continue to expand our exploration horizon in Malaysia,”Mr. Phongsthorn Thavisin, PTTEP Chief Executive Officer
Block SK 405B is located in shallow waters, approximately 137 kilometers off the coast of Sarawak (Bintulu). PTTEP Sarawak Oil Limited is the operator with 59.5% participating interest. MOECO Oil (SARAWAK) SDN.BHD. and PETRONAS Carigali Sdn. Bhd. holds 25.5% and 15% interest, respectively.
Apart from the Sarawak SK405B PSC, PTTEP’s asset portfolio in Malaysia comprises Block H, Block K, SK 309, and SK 311, and Malaysia–Thailand Joint Development Area (MTJDA) which are producing projects; Block H which is a development project; and SK 410B, SK 314A, SK 438, SK 417, PM 407 and PM 415 which are exploration projects. PTTEP also jointly invests with PTT in the MLNG Train 9 Project, an LNG liquefaction plant, through PTT Global LNG Company. The achievement is the latest outcome of PTTEP’s ‘Execute Strategy’ in 2020 which focuses on increasing production volume and sustain the company’s long-term growth.
PTTEP Media Management
*Photo courtesy of PTTEP