Thailand’s largest oil and gas firm, PTT Exploration and Production Pcl on Feb. 10 said it made its biggest gas find yet in a project offshore Malaysia.
“We are delighted to confirm the largest-ever gas discovery by PTTEP,” CEO 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.
The announcement comes after the PTTEP acquired a 20% stake in Oman’s Block 61 form British oil major BP Plc for $2.6 billion this month.
The appraisal drilled to a total depth of 4,320 m with proven over 600 m of net gas pay, PTTEP said, adding the well test showed a flow rate of 50 million cubic feet of gas per day.
A PTTEP subsidiary operates the project, holding a 42.5% stake along with Kuwait’s KUFPEC and Petronas Carigali Sdn Bhd, holding 42.5% and 15%, respectively.
Recommended Reading
‘Misguided’ Approach to Energy Transition Threatens Energy Security
2024-09-18 - International Energy Forum Secretary General Joseph McMonigle says a single, linear pathway to the energy transition is “misguided and an outdated approach.”
Honeywell, SAMSUNG E&A to Collab on CCUS Solutions
2024-09-18 - SAMSUNG E&A will leverage Honeywell's carbon capture technologies, in particular Honeywell’s advanced solvent carbon capture technology.
Despite Progress, Hydrogen Faces ‘Sobering Realities’
2024-09-18 - A $335 billion investment gap may put 2030 targets toward net-zero ambitions in jeopardy.
Shell Taps Advanced Ionics for Electrolyzer Pilot Project
2024-09-17 - Part of Shell’s GameChanger program, the pilot project is intended to help scale Advanced Ionics’ Symbion electrolyzer technology and move it toward commercialization.
8 Rivers Lands Investment from JX Nippon for DAC Technology
2024-09-17 - An investment by JX Nippon Oil Exploration will support 8 Rivers’ Calcite direct air capture technology as it moves from pilot to commercial development, the company says.