Apr 04, 2006
CS MUTIARA Petroleum Sdn Bhd, a joint-venture company between Petronas Carigali Sdn Bhd and Shell Exploration and Production Malaysia BV, has made its sixth successful gas discovery within its operation blocks.
The joint-venture company has discovered gas in Block PM302, offshore Kelantan and Terengganu in Peninsular Malaysia.
In a statement, CS Mutiara said the Bunga Dahlia Channel-1 exploration well, located in a water depth of 67 metres, was spudded on February 18.
The well was drilled to a total depth of 2,260 metres and encountered multiple gas zones, the company said.
Further technical evaluation is required to determine the volumes of the discovery.
With the latest discovery in Block PM302, CS Mutiara has recorded six consecutive exploration successes, including Bunga Kamelia, Bunga Zetung, Bunga Anggerik, Bumi South and Bunga Kesumba in the adjoining Block PM301.
The company, which was formed in July 2001, is embarking on technical studies to assess the development options for the gas discoveries in both blocks.
CS Mutiara, in which Petronas Carigali and Shell Exploration and Production Malaysia equally hold a 50 per cent stake, operates Blocks PM301 and PM302, both located off the northeast coast of Peninsular Malaysia.
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