PETRONAS DISCOVERS GAS OFFSHORE SARAWAK

PETRONAS is pleased to announce a new gas discovery through its Kanowit-1 exploration well in Block SK306 offshore Sarawak. The well is about 180 kilometres northwest of Bintulu in a water depth of 80 metres. It was spudded on 25 October 2005 and reached a final depth of 2,029 metres below sea level.

The Kanowit-1 well, drilled by semi-submersible rig Naga-1, encountered a very significant gas accumulation in a Miocene limestone reservoir.

PETRONAS conducted two production tests, which resulted in a cumulative flow rate of 72 million standard cubic feet of gas per day and 3,400 barrels of condensate per day, with 5% to 10% carbon dioxide. PETRONAS believes this pinnacle reef has potential for development.

Other gas fields in the vicinity of the Kanowit discovery are Kumang, F28 and the gas producing F6.

Issued by
Media Relations Department

Dec 6, 2005OffshoreMan

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