Business Times (Malaysia): Petronas-Shell joint venture strikes gas again (ShellNews.net)

Sep 08, 2004

CS MUTIARA Petroleum Sdn Bhd, a 50:50 joint venture between Petronas Carigali Sdn Bhd and Shell Malaysia Exploration & Production, has made another gas discovery in Block PM301, offshore Kelantan.

The Bunga Zetung-1 well, spudded on July 9 2004, was drilled to a total depth of 1,875m and encountered four gas zones, CS Mutiara Petroleum said in a statement.

The gas zones have an estimated recoverable reserve of 0.2 trillion standard cu ft, subject to further technical evaluation.

Bunga Zetung-1 is the second successive discovery in Block PM301, following the success of the Bunga Kamelia gas discovery in November last year.

The new discovery is located 20km southeast of the Bunga Kamelia gas field.

"CS Mutiara Petroleum has near-term plans to pursue drilling of a number of nearby exploration prospects in the Block as part of its exploration and appraisal campaign prior to embarking on development of these gas fields," it said.

Copyright © Asia Intelligence Wire