Mubadala Petroleum confirms discoveries offshore Malaysia

Mubadala Petroleum, Abu Dhabi, reported that the Pagaga-2 appraisal well has confirmed an 850-m gas column in Block SK320 offshore Malaysia.

The company also confirmed the Sirih-1 discovery, the third from the operator’s 2013-14 exploration program targeting a series of carbonate pinnacles within Block SK320.

This includes the Pegaga-1 and Sintok-1 discoveries previously reported, and the existing M5 discovery that the company appraised in 2012.

The Pegaga-2 well was drilled to a total depth of 2,685 m and a test of the main gas-bearing zones produced 30-50 MMcfd of good quality gas with condensate, the company reported. The Pegaga discovery lies in 109 m of water.

The Sirih-1 well was drilled to a total depth of 3,000 m and penetrated a 293-m gas column within the target reservoir. The well was plugged and abandoned as planned. The Sintok-1 well was drilled to a total depth of 2,775 m and penetrated a 290-m gas column.

Block SK320 has yielded four discoveries for Mubadala Petroleum (55% operating interest) and its partners, Petronas Carigali (25%), and Sarawak Shell Berhad (20%). Mubadala Petroleum and Shell in January swapped equity interests in the adjacent deepwater Block 2B and Block SK320 (OGJ Online, Jan. 27, 2014).

State owned Petronas Carigali participates in both blocks.

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