PTT Exploration and Production Plc (PTTEP) has announced the discovery of petroleum at Sirung-1, a wildcat well off the coast of Malaysia’s Sarawak state, as it seeks to bolster its reserves for long-term growth.
PTTEP had begun drilling at Sirung-1 in Block SK405B in January through its subsidiary PTTEP Sarawak Oil Co. The company has found a significant column of oil and gas more than 100 metres in the clastic reservoirs, said PTTEP chief executive Phongsthorn Thavisin.
An appraisal well is scheduled in the near future to assess the upside resources.
Block SK405B is located in shallow waters, approximately 137 kilometres off the coast of Sarawak (Bintulu).
“The Sirung-1 exploration well marks PTTEP’s…
