PTTEP discovers high-quality gas in Block SK417 offshore Malaysia
Bangkok, February 24, 2021 – PTT Exploration and Production Public Company Limited (PTTEP), through its wholly-owned subsidiary PTTEP HK Offshore Limited (Malaysia Branch) or PTTEP HKO, announced a successful gas discovery from the first exploration well, Dokong-1 in Block SK417, off the coast of Sarawak, offshore Malaysia.
The drilling of Dokong-1 exploration well commenced in November 2020, targeting gas in the sandstone reservoir. The well was drilled to a total depth of 3,810 metres and encountered more than 80 metres of gas column. The second exploration well will be drilled in the middle of this year as part of the exploration campaign.
Mr. Phongsthorn Thavisin, PTTEP Chief Executive Officer, said “The finding of potential high-quality gas at Dokong-1 exploration well is PTTEP’s latest achievement in Malaysia following first gas production from Block H and a major gas discovery at SK410B’s Lang Lebah field. This drilling result paves the way for exploration of nearby prospects that have similar geological structures. It also presents opportunity for PTTEP to synergize future development and production of SK417 with the adjacent areas and leverage on our strong expertise in cluster development.”
Block SK417 is located in the shallow waters, approximately 90 kilometres off the coast of Sarawak. PTTEP HKO is the operator with 80 percent participating interest and PETRONAS Carigali Sdn. Bhd. holds the rest.
Apart from SK417 PSC, PTTEP’s portfolio in Malaysia include Block H, Block K, SK309 and SK311 PSCs and the Malaysia–Thailand Joint Development Area (MTJDA) which are producing assets; and SK410B, SK314A, SK438, SK405B, PM407 and PM415 PSCs which are under exploration. PTTEP through PTT Global LNG Company also holds a 10 percent equity in LNG Train 9 as part of the larger Malaysia LNG Complex in Bintulu.