PTT Exploration and Production Public Co. Ltd. (PTTEP) subsidiaries PTTEP HK Offshore Ltd. (PTTEP HKO) and PTTEP Sarawak Oil Ltd. (PTTEP SKO) have made new oil and gas discoveries in three fields offshore Sarawak, Malaysia.
The discoveries include exploration wells Chenda-1 in Block SK405B, Bangsawan-1 and Babadon-1 in Block SK438, and Sirung-2 appraisal well in Block SK405B. These fields are adjacent to previously discovered areas. All have proven to be high-quality oil and gas reservoirs, especially Babadon-1, revealing massive sweet gas sandstone reservoirs with thickness up to 200 m.
The Sirung-2 appraisal success follows the prior discovery of oil and gas in the Sirung-1 exploration well in 2021. The project is now moving towards engineering study.
PTTEP’s portfolio in Malaysia consists of Blocks SK405B, SK438, SK314A, SK417, PM407, SB412, and SK325 all of which are in the exploration phase. Lang Lebah and Paprika gas fields in Block SK410B are under development. Block K, SK309, SK311, Block H, and the Malaysia–Thailand Joint Development Area (MTJDA) are in production.
