SapuraKencana in big Malaysia gas find

SapuraKencana Energy (SKE) has doubled the reserves of gas found at a block off Malaysia after its latest probe came up trumps.

The Malaysian player struck a gross column in excess of 600 metres at the Bakong-1 wildcat in production sharing contract SK 408, it revealed on Friday.

This follows on from four previous discoveries at the block, following a quartet of wells earlier this year.

The Bakong-1 well was the fifth and final probe planned on the block this year, but SKE will come back for five more next year.

SKE hailed the latest find as a "significant discovery", made in the primary target of the Late Miocene carbonate reservoir.

The fifth discovery in the block has pushed discovered gas-in-place up to 3 trillion cubic feet.

The well followed the Teja-1 (gross gas column of 219 meters), Gorek-1 (gross gas column of 235 meters), Legundi-1 (gross gas column of 139 meters) and Larak-1 (gross gas column of 333 meters) probes on the block.

SapuraKencana Petroleum chief executive Tan Sri Dato’ Seri Shahril Shamsuddin said of the latest find: "This last well ranks as one of the larger discoveries in Malaysia this year and has doubled the resources found in the block to-date.

“The drilling campaign for SK408 this year has been well executed and completed safely by the SKE team and has yielded exceptional results."

SapuraKencana Energy operates the block on 40%, with state-owned giant Petronas Carigali on 30% and Shell on 30%.

The 4480-swuare-kilometre block is situated in shallow water some 120 kilometres off Sarawak in the prolific Central Luconia gas province.

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