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Mubadala Petroleum Confirms Discoveries Offshore Malaysia

Mubadala Petroleum, Abu Dhabi, reported that the Pagaga-2 appraisal well has confirmed an 850-m gas column in Block SK320 offshore Malaysia.

The company also confirmed the Sirih-1 discovery, the third from the operator’s 2013-14 exploration program targeting a series of carbonate pinnacles within Block SK320.

This includes the Pegaga-1 and Sintok-1 discoveries previously reported, and the existing M5 discovery that the company appraised in 2012.

The Pegaga-2 well was drilled to a total depth of 2,685 m and a test of the main gas-bearing zones produced 30-50 MMcfd of good quality gas with condensate, the company reported. The Pegaga discovery lies in 109 m of water.

The Sirih-1 well was drilled to a total depth of 3,000 m and penetrated a 293-m gas column within the target reservoir. The well was plugged and abandoned as planned. The Sintok-1 well was drilled to a total depth of 2,775 m and penetrated a 290-m gas column.

Block SK320 has yielded four discoveries for Mubadala Petroleum (55% operating interest) and its partners, Petronas Carigali (25%), and Sarawak Shell Berhad (20%). Mubadala Petroleum and Shell in January swapped equity interests in the adjacent deepwater Block 2B and Block SK320

State owned Petronas Carigali participates in both blocks.

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