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IPC wells boost reserves off Malaysia

July 8, 1996

Where IPC Group Added Reserves off Malaysia [397446 bytes] A group led by International Petroleum Corp., Dubai, added more reserves on Block PM-3, the Malaysia-Viet Nam Commercial Arrangement Area off peninsular Malaysia. Results of an appraisal well tested last month and another tested in late 1994 "indicate that the reserves on PM-3 will increase substantially," IPC said. A recent reserve estimate was not available at presstime.

Where IPC Group Added Reserves off Malaysia [397446 bytes]

A group led by International Petroleum Corp., Dubai, added more reserves on Block PM-3, the Malaysia-Viet Nam Commercial Arrangement Area off peninsular Malaysia.

Results of an appraisal well tested last month and another tested in late 1994 "indicate that the reserves on PM-3 will increase substantially," IPC said. A recent reserve estimate was not available at presstime.

The group in late June was preparing to spud the Bunga Kekwa-A2, third appraisal well in a five well program. Bunga Kekwa-A2 will assess the extent and hydrocarbon contacts of the downthrown fault block.

IPC's Bunga Raya-2, the second appraisal well, flowed at combined rates of 10,304 b/d of 39-40° gravity crude, 1,224 b/d of 55° gravity condensate, and 100 MMscfd of gas from five zones. The principal gas zones contained less than 5% carbon dioxide and no hydrogen sulfide.

Second successful appraisal

Bunga Raya-2 is a step-out from IPC's 1991 oil and gas discovery well, Bunga Raya-1, which tested the upthrown block of the Bunga Raya structure.

The discovery well flowed 6,441 b/d of oil and 40 MMscfd of gas.

Bunga Raya-2, TD 9,060 ft measured depth, underwent five drill stem tests over pay intervals totaling 198 ft of sand from about 300 ft of gross pay. The results:

DST 1, 8,030-42 ft and 8,048-76 ft, 4,160 b/d of oil, 2.34 MMscfd of gas, 11/4 in. choke.
DST 2, 7,980-8,006 ft, 6,144 b/d oil, 13.21 MMscfd of gas, 11/4 in. choke.
DST 3, 7,856-64 ft and 7,876-7,906 ft, 19.95 MMscfd of gas, 400 b/d of condensate, 11/2 in. choke.
DST 4, 5,952-78 ft and 5,995-6,008 ft, 31.6 MMscfd of gas and 480 b/d of condensate, 11/2 in. choke.
DST 5, 5,824-42 ft and 5,872-5,908 ft, 32.9 MMscfd of gas and 344 b/d of condensate, 11/2 in. choke.

Surface equipment limited gas flow rates on Tests 4 and 5.

Block participants recently agreed with Malaysia's state owned Petronas to develop fields on the block and market the production (OGJ, Feb. 19, p. 30).

Interests in PM-3 are IPC 26.44%, Sands Petroleum AB 15%, Petronas Carigali Sdn. Bhd. 46.06%, and PetroVietnam Exploration & Production 12.5%.