Saturday 28 April 2012

Three Malaysia wells for Newfield


US independent Newfield Exploration said it plans to drill three offshore exploration wells this year in Malaysia where its net oil production is at a record-high 30,000 barrels per day.

Newfield said its production is driven by the East Piatu, Puteri and East Belumut fields, and there is potential through further development drilling to add production growth.

The company said more details will be provided on the exploration wells in the months ahead.

Chief operating officer Gary Packer said the results of the three exploration wells in the second half this year would help shape "a path forward".

"One unnamed project that we'll be drilling on a more recent deal we've put together from an exploratory standpoint, and then we'll be following up on our discoveries at SK 310, and I'm optimistic we'll get our deep water follow-up to our discovery that we made in Paus drilled this year," said Packer.