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Investor Relations
SET Notification
Oil and Gas Discovery in Sarawak SK405B Project, Offshore Sarawak, Malaysia
30 March 2021
PTTEP 13061/00-2214/2021
Investor Relations
Tel. +66(0) 2537 4259, +66(0) 2537 5522
30 March 2021
President
The Stock Exchange of Thailand
93 Ratchadapisek Road, Din Daeng
Bangkok 10400
Dear Sir,
Subject: Oil and Gas Discovery in Sarawak SK405B Project, Offshore Sarawak, Malaysia
PTT Exploration and Production Public Company Limited, or PTTEP wishes to announce that PTTEP Sarawak Oil Limited, a wholly-owned subsidiary of PTTEP, has successfully made a discovery of oil and gas at the first exploration well, Sirung-1, in Sarawak SK405B Project, located in offshore Malaysia.
Commenced in January 2021, the Sirung-1 wildcat exploration well was drilled to a total depth of 2,538 meters where it encountered a significant oil and gas column more than 100 metres in the Sandstone reservoirs. The appraisal well is scheduled to be drilled next year to assess the upside resources.
Sarawak SK405B Project is located in the shallow waters, approximately 137 kilometres off the coast of Sarawak (Bintulu). PTTEP Sarawak Oil Limited is the operator with 59.5 percent participating interest. Mitsui Oil Exploration Company Limited (MOECO) and PETRONAS Carigali Sdn. Bhd. holds 25.5 and 15 percent interest respectively.
Please be informed accordingly.
Sincerely yours,
Phongsthorn Thavisin
Phongsthorn Thavisin
Chief Executive Officer
PTT Exploration and Production Public Company Limited
555/1 Energy Complex Building A, Floors 19-36th
Vibhavadi-Rangsit Rd., Chatuchak, Chatuchak, Bangkok 10900
Vibhavadi-Rangsit Rd., Chatuchak, Chatuchak, Bangkok 10900
Phone : 66 (0) 2537-4000
Fax : 66 (0) 2537-4444
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Copyright © PTT Exploration and Production Plc. All Rights Reserved.