Singapore independent RH Petrogas has gained its first production sharing contract in Malaysia with the award of a block onshore Sarawak.
The Singapore-listed explorer will hold an 80% stake in
Block SK 331 with Malaysia’s Petronas on 20%.
Chief executive Tony Tan said the entry into Malaysia - adding
to existing blocks in Indonesia and China - matched the explorer’s Asia-Pacific
RH PEtrogas is committed to a three-year work programme including
seismic acquisition and exploratory drilling on the 11,600-square kilometre
block, where the company says past exploration has proved an active petroleum system.
“Geologically, the block is the onshore extension of the
Balingian Basin which contains several oil and gas fields in the offshore area,”
the explorer commented.
The onshore block also lies close to existing infrascture, with the Bintulu liquefied
natural gas (LNG) terminal falling within its borders.