Malaysia: Another Gas Discovery from Bakong-1 for SapuraKencana

SapuraKencana Energy Sarawak Inc. has made another gas discovery from Bakong-1, the fifth and final well in its 2014 drilling campaign within the SK408 Production Sharing Contract (“PSC”) area, offshore Malaysia.

Bakong-1 is a significant discovery with a gross gas column in excess of 600 metres in the primary target reservoir within the Late Miocene Carbonates.

This discovery augments the earlier announced four well discoveries made on 9 June 2014 and completes the five well drilling programme slated for this year as part of the SK408 work campaign.

SKE is the operator with a 40% working interest with partners PETRONAS Carigali Sdn. Bhd. (30%) and Sarawak Shell Bhd. (30%) holding the remaining interest.

SK408 Block is located in shallow waters approximately 120 kilometres offshore Sarawak covering an area of approximately 4,480 sq. km in the prolific Central Luconia Gas Province.

Press Release, August 29, 2014