Sapura hits gas offshore Sarawak
Sapura Energy Berhad has made its ninth gas discovery offshore Sarawak, following the completion of its 2017 drilling campaign within the SK408 Production Sharing Contract (PSC).
Sapura Energy’s wholly-owned subsidiary, Sapura Exploration and Production (Sarawak) Inc. (formerly known as SapuraKencana Energy Sarawak Inc.; “Sapura E&P”), is the exploration operator with its partners Petronas Carigali and Sarawak Shell Berhad.
The Pepulut-1 exploration well, located offshore Bintulu, Sarawak in Block SK408, was drilled and encountered high quality reservoir, Sapura said in a statement on Monday.
“This successful gas discovery is attributed to the strength and capabilities of our exploration, sub-surface and drilling teams whose combined expertise has resulted in a number of significant discoveries. This series of successful results is founded on our work in understanding the geologic fundamentals of the region,” said Tan Sri Dato’ Seri Shahril Shamsuddin, President & Group Chief Executive Officer, Sapura Energy Berhad.
“In line with our strategy to unlock the value of our gas fields and enhance long-term earnings visibility of our E&P business, we will focus on realizing the full potential of our highly prospective gas fields in SK408 and strengthening our E&P portfolio,” Tan Sri said.
The Pepulut-1 discovery is another milestone for Sapura Energy following the recent announcement of its development plans for Gorek, Larak and Bakong fields as phase 1 in the SK408 PSC.