New oil and gas discovery at offshore Block SK405B off Miri - Petronas

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Petroleum Nasional Bhd (Petronas) has announced a new oil and gas discovery in the Sirung-1 wildcat exploration well of Block SK405B Production Sharing Contract (PSC), located in the shallow waters of the Balingian Province, 237 kilometres off the coast of Miri, Sarawak.The Sirung-1 exploration well was successfully drilled to a total depth of 2,538 metres in February 2021.The discovery of significant oil and gas column - exceeding 100 metres within the Oligocene to Middle Miocene sandstone reservoirs - further validates the potential of the Balingian Province, with remaining prospects yet to be explored.“The Sirung-1 discovery further proves the presence of oil, especially in the under-explored deeper play within the Balingian Province. This came after similar success in an infill well at D18 Field.“We are well-positioned to pursue a similar play in the other two neighbouring…