ConocoPhillips boosts Malaysian portfolio with new shallow-water block award


Dateline 2021-02-19, Upstream:

US independent giant ConocoPhillips has been awarded a new shallow-water exploration block offshore Sabah, East Malaysia.

Block SB 405 covers 5857 square kilometres in the North East Sabah basin, off the coast of Sandakan.

Water depths at the acreage are up to 100 metres.

“The entry of ConocoPhillips with its world-class proprietary seismic technology into Block SB 405 is expected to enhance the hydrocarbon resource potential off the coast of Sabah,” said senior vice president of Malaysia Petroleum Management, Mohamed Firouz Asnan.

“This is an area that has a proven working petroleum system with previous discoveries such as Kuda Terbang and Nymphe fields.”

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