Announcements


Date : 31 May 2016

OTHERS SAPURAKENCANA ENERGY ANNOUNCES ANOTHER SIGNIFICANT GAS DISCOVERY OFFSHORE MALAYSIA

SAPURAKENCANA PETROLEUM BERHAD

Type Announcement
Subject OTHERS
Description
SAPURAKENCANA ENERGY ANNOUNCES ANOTHER SIGNIFICANT GAS DISCOVERY OFFSHORE MALAYSIA

The Board of Directors of SapuraKencana Petroleum Berhad is pleased to announce that its wholly-owned subsidiary, SapuraKencana Energy Sarawak Inc. (“SKE”) has made another significant gas discovery from its three-well 2015 drilling campaign within the Block SK408 Production Sharing Contract (PSC) area, offshore Malaysia.
 
All three wells were targeted non-associated gas within the primary target Late Miocene Carbonate reservoirs. 

The first well, Jerun-1 is a significant discovery located approximately 5km north of the 2014 Bakong gas discovery.  Based on analysis of electric log, pressure and sample data Jerun-1 has an interpreted gross gas column of approximately 800 metres in the primary target reservoir and is a multi-TCF gas discovery. Jeremin-1, located approximately 15km west of the F9 gas field encountered a 104m gross gas column. Putat-1, located approximately 20km north of the Cili Padi gas field is confirmed as a dry hole. All wells have been safely plugged and abandoned. 

The two wells, Jerun-1 and Jeremin-1, are close to the existing infrastructure supplying gas to one of the world’s largest LNG facilities at Bintulu, Sarawak.

SKE is the exploration operator with a 40% working interest with partners PETRONAS Carigali Sdn. Bhd. (30%) and Sarawak Shell Bhd. (30%) holding the remaining interest. 

This announcement is dated 31 May 2016.       






Announcement Info

Company Name SAPURAKENCANA PETROLEUM BERHAD
Stock Name SKPETRO
Date Announced 31 May 2016
Category General Announcement for PLC
Reference Number GA1-30052016-00027



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