Mubadala makes gas find off Malaysia

January 2, 2023

Dateline 2022-09-27, Market Screener:

UAE-based Mubadala Petroleum and its partners Shell and Malaysia’s Petronas have made a sizable natural gas discovery at Block SK320 off the coast of Bintulu, Sarawak, in Malaysia, Petronas said on September 20.

The discovery was made with a well drilled to a depth of 1,680 metres. The well encountered a gas column more than 110 metres in length, in good-quality carbonate reservoirs.

Mubadala operates the block with a 55% stake, while Petronas has 25% and Shell has 20%.

In a statement, Petronas said the find added to “a string of exploration successes in the Central Luconia region,” and confirmed the “large potential” of the region’s carbonate play.

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Petronas discover gas from its Cengkih-1 exploration well in Sarawak

December 9, 2022

Dateline 2022-09-20, NST:

Petroliam Nasional Bhd (Petronas) has announced a gas discovery from its Cengkih-1 exploration well in Block SK 320 in the Central Luconia Province, about 220 kilometres off the coast of Bintulu, Sarawak.

The exploration well was successfully drilled to a total depth of 1,680 metres in August 2022, hitting more than 110 metres of gas column in Miocene Cycle IV/V pinnacle carbonate reservoirs, firming up more gas resources within Block SK320.

In a statement, the company said Mubadala Development Company Oil and Gas Ltd operates the block with a 55 per cent participating interest in the production sharing contract (PSC).

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Fresh gas discovery off Malaysia

December 8, 2022

Dateline 2022-09-20, Offshore Energy:

Abu Dhabi-headquartered oil and gas company Mubadala Energy (former Mubadala Petroleum) has made a new gas discovery in Block SK 320, offshore Malaysia.

This block is operated by Mubadala Energy, which changed its name from Mubadala Petroleum earlier this month in line with its 2030 strategy to play “a key role” in the energy transition while expanding across the gas value chain and exploring investment opportunities in new energy sectors such as blue hydrogen and carbon capture.

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Mubadala advances $1 billion Malaysia Pegaga gas field project

May 20, 2018

Dateline 2018-03-21, Reuters:

Mubadala Petroleum, Petronas and Royal Dutch Shell will spend more than $1 billion to develop Malaysia’s Pegaga gas field, aiming to produce gas by the third quarter of 2021, Abu Dhabi-based Mubadala said on Wednesday.

The project in Block SK320, located in the Central Luconia province, offshore the East Malaysian state of Sarawak, will now proceed to the construction and installation stage, the company said in a statement.

Mubadala is the operator of the block with a 55 percent share while Petronas Carigali holds a 25 percent interest and Sarawak Shell holds 20 percent.

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