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Thursday, 31 March 2011

Petronas Announces Malaysia Open Acreage Exploration Opportunities

Petronas is promoting twelve blocks for exploration opportunities in FY11/12 that was launched during PGCE in March 2011.

The projects include 4 blocks in Peninsular Malaysia, 2 onshore blocks, 3 offshore Sarawak blocks, 1 HPHT block also in Sarawak and 2 deepwater blocks in Sabah & Sarawak.

The three shallow water blocks in Peninsular Malaysia are located in western flank of Malay Basin while one block lies on the eastern flank. About 38,754 line km of 2D seismic and 1374 km2 of 3D seismic have been acquired and a total of 17 wells have already been drilled in these blocks. The prospects include a deeper play of Lower Oligocene to Early Miocene Group K, L, M consisting of stratigraphic traps, structural traps and fractured basement. More than 30 prospects and leads have been identified within these blocks and six of the wells encountered hydrocarbons.

The Sarawak shallow water blocks are located in the Central Luconia and West Luconia Provinces where numerous wells have been drilled with significant oil and gas discoveries. All three blocks are fully covered with 2D seismic. The blocks in Central Luconia Province contain mid to Late Miocene Carbonate which has been proven as gas play. The block on the northern flank of Baram Delta provides opportunity for the HPHT play that consists of Cycle V to Cycle VI turbidites and deltaic sequences which have not yet been tested. The two onshore blocks are located in Tinjar Province with sediments of Oligocene to Early Miocene ages. One of the blocks is located adjacent to the active Baram Delta Provinces PSC block SK 333 that is currently held by Nippon Oil.

The promotion also includes the deepwater blocks within the established and proven areas. One of the blocks is located in the West Luconia Province, a large deltaic depocentre. The block covers an area of 2000 km2 with 1,508 line km of 2D seismic and 7,525 km2 of 3D seismic. The other block is located in deepwater area of Sabah Basin adjacent to Brunei border. Several prospects and leads have been identified and 9 exploration wells have been drilled, some with hydrocarbon discoveries.
    • Azhar Mazlan ▁ ▂ ▃ ▄ ▅ ▆ █ 100%
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      01 April at 02:08 ·
    • Dunia NDT & Inspection yes mate, more exploration mean more platforms/structures to built & more pipelines to install & hopefully more "rezeki" for us :D
      02 April at 17:26 ·