Combine tests more gas on Malaysian block

April 14, 2005
CS Mutiara Petroleum Sdn. Bhd., a 50-50 joint venture of Petronas Carigali Sdn. Bhd. and Shell Exploration & Production Malaysia BV, has reported a fourth gas discovery on Block PM301 off the northeastern Malaysia peninsula.

By OGJ editors

HOUSTON, Apr. 14 -- CS Mutiara Petroleum Sdn. Bhd., a 50-50 joint venture of Petronas Carigali Sdn. Bhd. and Shell Exploration & Production Malaysia BV, has reported a fourth gas discovery on Block PM301 off the northeastern Malaysia peninsula.

The venture drilled the Bumi South-1 exploration well to 1,650 m TD in 55 m of water 25 km northwest of Bunga Anggerik gas field. The well encountered multiple gas zones. Further technical evaluation is required to determine the reserves, the company said.

The combine is assessing development options for Bumi South and the three other recent gas discoveries on Block PM301: Bunga Kamelia, Bunga Zetung, and Bunga Anggerik. It plans to continue exploration and appraisal activities on the same block.

CS Mutiara Petroleum, formed in July 2001, also operates Block PM302 off northeastern Peninsular Malaysia.