PTT Exploration and Production : PTTEP makes another gas discovery at SK410B offshore Malaysia

February 23, 2023

Dateline 2022-12-22, MarketScreener:

PTTEP announces another gas discovery in Malaysia from the exploration well, Paprika-1, in Block SK410B. The discovery provides PTTEP with a further development opportunity in Northern Sarawak and supports the company’s long-term growth.
Mr. Montri Rawanchaikul, Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP), disclosed that PTTEP’s subsidiary PTTEP HK Offshore Limited (PTTEP HKO) commenced the drilling of Paprika -1 wildcat well in Block SK410B in July 2022. The well was drilled to a total depth of 3,348 meters and encountered gas pay in clastic reservoirs. PTTEP and partners – KUFPEC and PETRONAS Carigali Sdn Bhd, previously made a major gas discovery at Lang Lebah structure within the same block.

…

Leave a Comment » | oil and gas | Tagged: , , , , | Permalink
Posted by Wata

Kasawari CCS shows hydrocarbons and energy transition not mutually exclusive

April 9, 2022

Dateline 2022-02-18, Upstream:

Petronas awarding parallel front-end engineering and design contracts for its Kasawari carbon capture and storage project offshore its native Malaysia serves as a timely reminder that the increasingly global decarbonisation drive is continuing to build momentum.

But it also highlights the ability of conventional oil and gas projects to continue to attract billions of dollars’ worth of capital expenditure, with demand for hydrocarbons looking set to prevail until at least 2050 and likely well beyond.

The Malaysian national oil company appears to be on track — as intended — to take the final investment decision later this year on Kasawari CCS (Kasawari phase two), which is being touted as the world’s largest offshore CCS project.

…

Leave a Comment » | engineering | Tagged: , , , | Permalink
Posted by Wata

Petrofac Brings Online East Cendor Offshore Field in Malaysia

August 6, 2021

Dateline 2021-07-30, Offshore Engineer:

Malaysian oil and gas firm Petronas said Friday that Petrofac had brought online the East Cendor field in Block PM304, 40 kilometers offshore Peninsular Malaysia.

The field was developed by Petrofac as the operator and Kuwait Foreign Petroleum Exploration Company and Petronas Carigali as partners.

East Cendor is the fourth in the series of development in Block PM304, after Cendor, West Desaru, and Irama. 

…

Leave a Comment » | oil and gas | Tagged: , , , , , | Permalink
Posted by Wata

Work to begin on well after deal

June 22, 2021

Dateline 2021-05-10, Arab Times:

The CEO of the Kuwait Foreign Petroleum Exploration Company (KUFPEC) Sheikh Nawaf Saud Al-Sabah told MEED Magazine that the company is negotiating with the Malaysian government on the financial terms related to a major gas discovery off the coast of Malaysia, reports Al-Anba daily. In February, KUFPEC announced its largest ever discovery of hydrocarbons by drilling a well about 90 kilometers off the Malaysian coast. In an interview with MEED Magazine, Sheikh Nawaf explained that the work on the initial engineering designs for the development of the well will begin once the financial terms are agreed upon.

…

Leave a Comment » | oil and gas | Tagged: , | Permalink
Posted by Wata

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

February 18, 2021

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.

…

Leave a Comment » | oil and gas | Tagged: , , , | Permalink
Posted by Wata

Kuwait’s KUFPEC discovers gas in Malaysian block SK-410B

August 6, 2019

Dateline 2019-06-27, Reuters:

Kuwait Foreign Petroleum Exploration Company (KUFPEC) said on Thursday it had made a significant gas discovery in block SK-410B in Malaysia.

The block is located in shallow waters, nearly 90 km (56 miles) off the coast of Sarawak, it said in a statement.

The discovery was made by KUFPEC Malaysia, a wholly-owned subsidiary of the Kuwaiti firm, which holds a 42.5% working interest under a production sharing contract with PETRONAS Carigali Sdn. Bhd. and PTTEP HK Offshore Ltd.

…

Leave a Comment » | oil and gas | Tagged: , , , , | Permalink
Posted by Wata

Petronas awards first production sharing contract for this year to 3 companies

August 28, 2016

Same topic as yesterday, a different slant on reporting, and an optimistic note.

Dateline 2016-07-22, Nikkei Asia Review:

Malaysia’s national oil company Petroliam Nasional, or Petronas, has awarded its first production sharing contract for 2016 to three oil companies to explore a hydrocarbon block off the Sarawak state.

Thailand’s PTT Exploration & Production will operate the SK410B oil field with joint venture partner Kuwait Foreign Petroleum Exploration Company, Petronas said in a statement. PTT and the state-run KUFPEC will each hold a 42.5% stake in the block while Petronas will own the remainder 15% through a wholly owned unit.

“[The] signing not only marks Petronas’ first PSC award in 2016, but also welcomes PTT for their first operatorship in Malaysia,” said Petronas’ executive vice president for upstream Mohd Anuar Taib. “We are also pleased to collaborate with our long term partners, KUFPEC once again.”
…

Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: , , , , | Permalink
Posted by Wata