Petronas finds 227 million boe in place off Sabah

Malaysia’s state Petronas estimated that it has discovered 227 million bbl of oil equivalent in place, with “expected upside potential,” at an oil and gas discovery off Sabah, Malaysia.

The Wakid-1 exploratory well, second wildcat on Block 2G-2J awarded in October 2010, flowed a combined 8,200 b/d of oil from three reservoirs tested separately. Total depth is 3,330 m.

Petrohas Carigali is the sold equity holder of the PSC for the block, which lies 100 km northwest of Kota Kinabalu. The company will appraise the discovery soon.

The block’s first well, Tambuku-1, drilled in early 2011, was a minor gas discovery, the company said.

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