Eric Watkins
Senior Correspondent
LOS ANGELES, July 11 -- CS Mutiara Petroleum Sdn. Bhd. was assessing development options after making its fifth discovery in Block PM301 off the northeast coast of Peninsular Malaysia.
The 50-50 joint venture between Petronas Carigali Sdn. Bhd. and Shell Exploration & Production Malaysia BV made the latest find with the Bunga Kesumba-1 well spudded on May 28.
The well, in 55 m of water, went to TD 1,430 m and encountered multiple gas zones requiring further evaluation.
Bunga Kesumba-1 follows strikes at Bunga Kamelia, Bunga Zetung, Bunga Anggerik, and Bumi South. The well is 15 km southeast of the Bumi South gas discovery made in February.
CS Mutiara reported its fourth gas discovery on Block PM301 in April (OGJ Online, Apr. 14, 2005).
The company, formed in July 2001, operates Blocks PM301 and PM302.
Contact Eric Watkins at [email protected].
