PROJECTS: KUFPEC’s Malaysia oil discovery ‘significantly more’ than expected – CEO


Dateline 2021-02-03, Zawya:

Kuwait Foreign Petroleum Exploration Company’s (KUFPEC) oil discovery in Malaysia is significantly more than expected, the company’s CEO said.

Shaikh Nawaf Saud Al-Sabah told the Atlantic Global Energy Forum 2021 last month that it is one of the top finds over the past couple of years.

“We are in the process of doing the appraisal right now and all indications are that it will be quite significantly more than what we initially expected,” he said.

The discovery, in Block SK-410B located 90 kilometres offshore Sarawak, is estimated to be multi-TCF gas, according to a KUFPEC press release. It said the exploration well encountered a gross gas column of 252 metres.

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