Press Releases

PTTEP Makes Consecutive Discoveries in Malaysia -- New gas discovery made in Block SK438

19 May 2021

Bangkok, May 19, 2021 – PTT Exploration and Production Public Company Limited (PTTEP) announced another gas discovery from its first exploration well, Kulintang-1, in Block SK438, located off the coast of Sarawak, offshore Malaysia. The discovery is the latest of PTTEP’s continued exploration success in Malaysia.

Mr. Phongsthorn Thavisin, PTTEP Chief Executive Officer, disclosed that PTTEP, through its subsidiary PTTEP HK Offshore Limited (PTTEP HKO), commenced the drilling of Kulintang-1 wildcat well in Block SK438 in March 2021. The well was successfully drilled to a total depth of 2,238 metres in April 2021. PTTEP expects to drill another exploration well in this block in the second quarter of 2021.

Block SK438 is adjacent to Blocks SK405, SK309 & SK311, SK314A, all of which are operated by PTTEP, with existing facilities nearby. The location, therefore, provides an advantage for future development including the potential for cluster development.

“The Kulintang-1 well adds to the consecutive discoveries PTTEP has made this year which demonstrate our significant exploration progress in Malaysia. The discovery highlights our strong partnership with PETRONAS and continuous efforts in applying new techniques and interpretation to identify opportunities in mature areas. We are determined to explore further and make more oil & gas discoveries in Malaysia to serve future energy demand” said the PTTEP CEO.

Block SK438 is located in the shallow waters, approximately 108 kilometres off the coast of Bintulu in Sarawak. PTTEP HKO is the operator with 80 percent participating interest while PETRONAS Carigali Sdn. Bhd. (PETRONAS Carigali) holds the remaining 20 percent.

Apart from the Sarawak SK438, there are also Blocks SK405B, SK410B, SK314A, SK417, PM407 and PM415, all still in the exploration stage. Major projects in PTTEP’s portfolio in Malaysia include the producing assets in Blocks K, SK309, SK311, the Rotan-Buluh field in Block H and the jointly operated gas fields with PETRONAS Carigali in the Malaysia–Thailand Joint Development Area. PTTEP is also a joint investor with PTT, through the PTT Global LNG Company, in the MLNG Train 9 Project, an LNG liquefaction plant in Sarawak.

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The information, statements, forecasts and projections contained herein reflect the Company’s current views with respect to future events and financial performance.   These views are based on assumptions subject to various risks.   No assurance is given that these future events will occur, or that the Company’s future assumptions are correct.   Actual results may differ materially from those projected.