Petroleum Nasional Bhd (Petronas) has made a new oil and gas discovery in the Sirung-1 wildcat exploration well of Block SK405B Production Sharing Contract (PSC), located in the shallow waters of the Balingian Province, off the coast of Miri, Sarawak.
The Sirung-1 exploration well was successfully drilled to a total depth of 2,538 metres in February 2021.
The discovery of significant oil and gas column – exceeding 100 metres within the Oligocene to Middle Miocene sandstone reservoirs – further validates the potential of the Balingian Province, with remaining prospects yet to be explored.
PTTEP Sarawak Oil Ltd as the operator holds 59.5%, MOECO Oil (Sarawak) Sdn Bhd holds 25.5% and Petronas Carigali Sdn Bhd, a subsidiary of Petronas, holds the remaining 15% participating interest in Block SK405B. — Bernama