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AFX Europe (Focus): Malaysia's Petronas, Shell jv makes gas discovery

Apr 03, 2006

KUALA LUMPUR (AFX) – CS Mutiara Petroleum, a 50:50 joint venture company between Petronas Carigali Sdn Bhd and Shell Exploration and Production Malaysia BV has made a gas discovery in Block PM302 off the northeast coast of Peninsular Malaysia.

In a statement, CS Mutiara said the Bunga Dahlia Channel-1 exploration well was drilled to a total depth of 2,200 meters and encountered multiple gas zones, adding that further technical evaluation is required to determine the volumes.
With the latest discovery, CS said it has recorded six consecutive exploration successes.
It said it is currently embarking on technical studies to assess the development options for the gas discoveries in block PM 301 and PM302.
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