PTTEP, Petronas aiming for Sarawak gas double

July 16, 2021

Dateline 2021-06-09, Upstream Online:

Thailand’s national upstream company PTTEP is set to spud imminently the Nangka-1 exploration well on the Block SK 147 production sharing contract offshore Sarawak in Malaysia’s exclusive economic zone.

Borr Drilling’s jack-up rig Saga, which was last operating on the Medan Helang D1-1 well, has been lined up for the Nangka wildcat.


PTTEP Makes Another Gas Discovery Offshore Malaysia

June 28, 2021

Dateline 2021-005-17, Offshore Engineer:

Thai oil company PTTEP has made another gas discovery offshore Malaysia, this time at the exploration well, Kulintang-1, its first drilled in the Block SK438, located around 230 kilometers off the coast of Miri, Sarawak.

The company has been on a discovery spree in Malaysia as it recently announced discoveries at Sirung-1 well, in Block SK405B, Dokong-1 wildcat well in Block SK417, and at the Lang Lebah-2 well, in Block SK410B.

As for the latest discovery, Phongsthorn Thavisin, PTTEP Chief Executive Officer, said that PTTEP had started drilling at the Kulintang-1 wildcat well in Block SK438 in March 2021. The well was drilled to a total depth of 2,238 meters in April 2021.


PTTEP revs up Malaysia exploration

June 25, 2021

Dateline 2021-005-18, Upstream Online:

Thailand’s national upstream PTTEP as early as next week is set to spud the Mak Yong wildcat offshore Sarawak, part of its 2021 exploration and appraisal drilling campaign in Malaysia that has already come up trumps on several wells.

The Mak Yong-1 exploration well on shallow-water Block SK 438 will be drilled by the Borr Gunnlod, one of two jack-up rigs it has on charter from Norway’s Borr Drilling.

PTTEP last month completed the tight Kulintang-1 probe on the same block before moving Borr Gunnlod to the Pemanis field, part of the operator’s blocks SK 309 and SK 311 phased gas fields development.


PTTEP and partners make oil and gas discovery offshore Malaysia

April 14, 2021

2021-03-30, Offshore Technology:

Thailand’s PTT Exploration & Production (PTTEP) and its partners have made new oil and gas discovery in the Sirung-1 wildcat exploration well offshore Malaysia.

The exploration well is situated in Block SK405B production sharing contract (PSC), located in the shallow waters of Balingian Province, approximately 237km off the coast of Miri, Sarawak.

Drilled to a total depth of 2,538m, the Sirung-1 exploration well encountered significant oil and gas column, exceeding 100m within the Oligocene to Middle Miocene sandstone reservoirs.

The partners plan for an appraisal well in near future to assess the upside resources.


PTTEP move strengthens investment in Malaysia

February 26, 2021

Dateline 2021-02-17, Bangkok Post:

PTT Exploration and Production Plc (PTTEP) has started its natural gas production at Rotan and Buluh deepwater fields of Block H off the coast of Sabah, Malaysia, marking its move to strengthen investment in Malaysia.

The production will increase the company’s petroleum supply and sales volume in the neighbouring country.

The first gas production in Block H came after its wholly-owned subsidiary PTTEP HK Offshore Co successfully completed the Lang Lebah-2 appraisal well in the Sarawak SK 410B Project. The drilling result registered a new record for PTTEP’s largest gas discovery.


Thailand’s PTTEP announces largest-ever gas discovery in Malaysia

February 24, 2021

Dateline 2021-02-10, Reuters:

Thailand’s largest oil and gas firm, PTT Exploration and Production Pcl on Wednesday said it made its biggest gas find yet in a project offshore of Malaysia.

“We are delighted to confirm the largest-ever gas discovery by PTTEP,” chief executive Phongsthorn Thavisin said, adding that the discovery strengthened the company’s investment base in Malaysia.

The discovery is based on the appraisal of Lang Lebah-2 in the Sarawak SK 410B project, about 90 km (55.92 miles) offshore of the Malaysian state of Sarawak.


Malaysia and China in stand-off near PTTEP’s appraisal drilling

December 17, 2020

Dateline 2020-11-30, Upstream:

The Chinese Coast Guard (CCG) and Royal Malaysian Navy have been involved in yet another standoff over oil and gas drilling in the South China Sea as tensions mount between regional powers over resources in the strategic sea area.

The CCG vessel 5402 in mid-November approached the Borr Drilling-owned jack-up Gunnlod, which is working for Thailand’s national upstream company PTTEP on Block SK 410B off Sarawak, East Malaysia, according to the Asia Maritime Transparency Initiative (AMTI) of the Center for Strategic & International Studies (CSIS).


Petronas’ Malaysia LNG supply faces headwinds

December 6, 2020

Dateline 2020-11-09, Energy Voice:

The Petronas-operated Bintulu LNG export complex, in the eastern Malaysian state of Sarawak, desperately needs new gas supplies to maintain its exports in the near-to-medium term, as legacy fields mature.

Moreover, recent news that the fast-track schedule for PTTEP’s giant Lang Lebah field development appears to be slipping, does not bode well for the 29.3 million tonne per year LNG export facility, which is one of the world’s largest.

Thai upstream player PTTEP said on 5 November that it only expects to take a final investment decision (FID) for its proposed giant sour gas field in 2022. Initially, FID was targeted by 2021, after the field was discovered in 2019. Further slippage is possible.


Murphy Oil Corporation Announces Close of Malaysia Portfolio, Executes $300 Million Share Repurchase Program

August 24, 2019

Dateline 2019-07-10, Business Wire:

Murphy Oil Corporation (MUR) (“Murphy”) announced its subsidiary closed the sale to divest the fully issued share capital of the entities primarily conducting Murphy’s operations in Malaysia to a subsidiary of PTT Exploration and Production Public Company Limited (“PTTEP”). The transaction was previously announced on March 21, 2019, with an effective economic valuation date of January 1, 2019. After closing adjustments, Murphy will receive proceeds of approximately US$2.035 billion, and expects to report a gain on the sale of approximately $1.0 billion. Murphy does not anticipate tax liabilities related to the transaction.

“We would like to congratulate PTTEP on the purchase of their new asset. As our talented and committed Malaysia team transitions to their new owner, I am confident they will diligently work to ensure continued success in the country. Also, I would like to thank our long-term partners PETRONAS, PETRONAS Carigali and Pertamina. They too have diligently worked to ensure our long-term success in the region,” stated Roger W. Jenkins, President and Chief Executive Officer.


Malaysia find biggest ever for PTTEP

August 10, 2019

Was this the acreage they bought from Murphy?

Dateline 2019-06-28, Bangkok Post:

SET-listed oil and gas explorer PTT Exploration and Production Plc has made a gas discovery off the shore of Sarawak in Malaysia, marking PTTEP’s biggest find ever.

Through wholly owned subsidiary PTTEP HK Offshore Ltd (PTTEP HKO), the company found the gas at Lang Lebah-1RDR2, the first exploratory well in the Sarawak SK410B project.

The subsidiary commenced drilling in March to a total depth of 3,810 metres in Lang Lebah-1RDR2. The well encountered 252 metres of net gas pay, indicating a multi-trillion-cubic-feet discovery, and was tested in a carbonate main target reservoir with a completion-constrained rate of 41.3 million standard cubic feet per day (MMSCFD) and 246 barrels of condensate per day (BCPD).