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Petronas, Shell make discovery off Sabah

By  AOG Staff Monday, 17 March 2014 10:18
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Malaysia's Petronas and Royal Dutch Shell plc announced an oil discovery offshore Sabah, Malaysia.

The discovery was made via the Limbayong-2 well during the appraisal of the Limbayong gas field by Shell. The appraisal well encountered 136m of oil bearing sands, and there are plans to conduct more appraisal work on the discovery to determine its recoverable volume.

The Limbayong discovery lies in 1000m of water on Block J, which also hosts the Gumusut oilfield, and is understood to have been made in the early 2000s and contains about 800Bcf of gas reserves.

Petronas’ Executive Vice President of Exploration and Production, Wee Yiaw Hin said: “We are indeed pleased with the discovery which affirms the hydrocarbon prospects of Malaysia’s deep water areas.”

Iain Lo, chairman of Shell Malaysia and managing director of Sabah Shell Petroleum Company Ltd said: “This discovery attests to the significant potential in this area and is a positive development for exploration activities in East Malaysia.”

The drilling of the Limbayong-2 appraisal well was carried out by the consortium of Shell Malaysia (35%), ConocoPhillips (35%) and Petronas Carigali Sdn Bhd (30%).

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