Petronas Strikes Gas Offshore Borneo

Petronas has made two gas discoveries offshore Borneo islands.

Petronas made the two gas discoveries in Kasawari and NC8SW fields off the coast of Sarawak on Borneo island.

Preliminary assessments carried out in early February 2012 indicated that gas-in-place for the Kasawari field was over five trillion standard cubic feet (TSCF) with estimated recoverable hydrocarbon resource of just over three TSCF, making it one of the largest non-associated gas fields in Malaysia.

The NC8SW-1 well has estimated recoverable resource at more than 450 billion standard cubic feet of gas.

For 2012, Petronas and its production sharing contractors were planning to drill 30 exploration wells to further enhance the prospect of Malaysia’s basins.