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Oil & Gas Discovery: Petronas-Shell JV finds gas fields off Malaysia

Posted on 04.01.2004 - 05:50 EST in OFFSHORE NEWS by ginamc

A 50:50 joint venture between Malaysia's national company Petronas and Shell Malaysia Exploration, CS Mutiara Petroleum...

has made a sizeable gas discovery in its Block PM 301 offshore peninsular Malaysia.

The Bunga Kamelia-1 well, spudded on Nov 5, 2003, penetrated two gas zones with an estimated recoverable gas reserves of 200-bil cu ft, subject to further technical evaluation, CS Mutiara said Friday. The well, 30 km each of the Bergading gas field in Block PM 302, was drilled to a total depth of 2,070 meters, it said.

CS Mutiara said it had no immediate plan to appraise the Bunga Kamelia gas field as it is currently working towards its 2004 drilling campaign. The company, formed in July 2001, operates blocks PM 301 and PM 302. Bunga Kamelia was the company's third exploration well.

Source: Platts Global Energy
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