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 bags 20 per cent interest in Malaysia deepwater block

April 4, 2015

Dateline 2015-01-30, Oil & Gas Technology:

Inpex Corporation has announced that through its wholly-owned subsidiary, Inpex Offshore South West Sabah, Ltd., it has reached an agreement to transfer 10 per cent of its participating interest in the Deepwater Block R to Santos Sabah Block R Limited

Inpex Corporation has announced that through its wholly-owned subsidiary, Inpex Offshore South West Sabah, Ltd., it has reached an agreement to transfer 10 per cent of its participating interest in the Deepwater Block R to Santos Sabah Block R Limited

The block is located in offshore East Malaysia covers an area of 672 square kilometres with a water depth ranging from 100m to 1,400 metres

Santos Sabah Block R Limited also separately agreed to acquire a 10 per cent participating interest in the block from JX Nippon Oil & Gas Exploration (Deepwater Sabah), Limited (JX), bringing its total participating interest in the block to 20 per cent upon fulfilment of due procedures.

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