March 9, 2021
Hey, it’s a shallow water block.
Dateline 2021-02-22, Energy Voice:
Malaysia has awarded shallow-water exploration Block SB405 to U.S. major ConocoPhillips off the coast of Sabah.
The award is expected to help bolster interest in exploration activities offshore Sabah with more block investment opportunities on offer, Malaysian national oil company (NOC) Petronas said Friday.
ConocoPhillips will operate Block SB405 with an 85% interest. Petronas Carigali, the upstream division of the NOC, will hold the remaining 15% stake. ConocoPhillips already holds interests in five production-sharing contracts (PSCs) in Malaysia; Block J, G and Kebabangan offshore Sabah, as well as SK304 and WL-00 offshore Sarawak.
February 27, 2021
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.”