Deepwater Malaysia discovery for JX Nippon

May 9, 2015

Dateline 2015-04-07, Offshore Engineer:

Japanese exploration firm JX Nippon Oil & Gas Exploration’s Malaysia subsidiary is planning two further exploration wells offshore Malaysia after confirming a deepwater oil discovery.

The Bestari-1 exploration well, the first drilled in Deepwater Block R (the Block), found 70m of oil bearing sands across multiple Miocene-aged formation horizons.

The Block, offshore Sabah, East Malaysia, covers 672sq km in 100-1400m water depth, in an area where the Kikeh and the Gumusut-Kakap oil fields were discovered.

Reservoir depth ranges from 1860-2702m below sea level and preliminary wireline evaluation highlighted good reservoir properties, said JX Nippon.

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Santos strikes oil in Malaysian drilling

May 3, 2015

Dateline 2015-03-26, The Sidney Morning Herald:

Santos has reported a “significant” oil discovery in its deep-water exploration campaign in Malaysia, providing a welcome piece of good news for investors.

The Bestari-1 well, drilled with Malaysian national operator Petronas, comes just two months after Santos completed a deal to buy a 20 per cent stake in the Block R Production Sharing Contract containing the exploration prospect.

Santos’s vice-president for Asia, John Anderson, said Santos was “very encouraged” by the find, which he said had similarities to “some of the other world-class fields in the area”.

Block R, located offshore East Malaysia, lies in an area where large fields have been discovered, including Murphy Oil’s Kikeh and Shell’s Gumusut-Kakap oilfields.

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